389 Woodbine AVE new Save Request In-Person Tour Request Virtual Tour
Toronto E02,ON M4L 3P7
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision The Beaches
MLS Listing ID E12409932
Style 3-Storey
Bedrooms 6
Annual Tax Amount $5,593
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Fully renovated, high income-generating multiplex in prime Beach! Turn-key multi-unit residence with 6 self-contained 1-bedroom units, separately metered. All units are vacant except for the front basement suite (month-to-month tenant at $1,480/mo). Entire house has been meticulously managed and gutted with new studs, insulation, and drywall. Upgrades include: new plumbing and electrical systems (two 200-amp services and 7 separate meters), soundproofing, underpinned basement with 8 foot ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and 2 energy-efficient heat pumps. Oversized wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! Projected $132,000/yr NOI (or potential for AirBnB income) for excellent cap rate over 6% in one of Toronto's most sought-after neighbourhoods! Just steps from public transit, shops on Queen Street, as well as the boardwalk and the lake. Pride of ownership is clear and it's a joy to show! Brochure with floor plans and projected financials attached.
Location
Province ON
County Toronto
Community The Beaches
Area Toronto
Rooms
Family Room No
Basement Apartment,Finished with Walk-Out
Kitchen 6
Separate Den/Office 2
Interior
Interior Features Carpet Free,Floor Drain,Separate Heating Controls,Separate Hydro Meter,Water Heater Owned
Heating Yes
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Landscaped,Lawn Sprinkler System,Porch
Parking Features Mutual,Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 27.0
Lot Depth 140.0
Total Parking Spaces 4
Building
Unit Features Beach,Lake/Pond,Public Transit,Park
Foundation Concrete
Others
Virtual Tour https://unbranded.youriguide.com/389_woodbine_ave_toronto_on/