389 Woodbine AVE Active 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 E12144893
Style 3-Storey
Annual Tax Amount $5,593
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Rare opportunity to own a fully renovated, high income-generating residential property in prime Beach! An incredible turn-key multi-unit residence designed for savvy investors, multi-generational families, or owners looking to live in one suite while renting out the others. All six self-contained 1-bedroom units are separately metered and have been thoughtfully designed and finished. The main floor is especially appealing as an owners suite: a king-sized 1-bedroom with its own laundry and a walkout to a private Trex deck and landscaped backyard with 3-zone irrigation. Set the market rents or create your own living arrangement as all units are vacant except for the front basement suite (month-to-month tenant at $1,480/mo). Entire house has been gutted with new studs, insulation, and drywall, and has been meticulously upgraded from the ground up, including new plumbing and electrical systems (two 200-amp services and 7 separate meters), soundproofing, underpinned basement with 8 ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and energy-efficient heat pumps. Wide and deep lot (27x140) where parking for up to 4 cars is possible. No detail overlooked! Truly spectacular investment with a high cap rate in one of Torontos most sought-after neighbourhoods! Just steps from public transit, shops on Queen Street, as well as the boardwalk and lake. Pride of ownership is clear and it's a joy to show! Brochure with floor plans and projected financials for high cap rate is attached.
Location
Province ON
County Toronto
Community The Beaches
Area Toronto
Rooms
Bedrooms 6
Bathrooms 6.0
Family Room No
Kitchen 6
Interior
Heating Yes
Cooling Wall Unit(s)
Exterior
Exterior Feature Deck,Landscaped,Lawn Sprinkler System,Porch
Parking Features Mutual,Available
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete
Others
Virtual Tour https://unbranded.youriguide.com/389_woodbine_ave_toronto_on/