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 E12144893
Style 3-Storey
Bedrooms 6
Annual Tax Amount $5,593
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 140.0
Lot Front 27.0
Appx SqFt 2500-3000
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
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
Cooling Wall Unit(s)
Inclusions 6 fridges, 5 stoves, Bosch cooktop on main floor, front-load washer & dryer (bsmt) and 1 washer/dryer combo (main floor), 2 heat pump units, 2 window A/C units, all Hunter Douglas window roller blinds where installed, furnishings in 2nd floor rear unit and 3rd floor unit, backyard storage shed
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
Foundation Concrete
Others
Senior Community No
Virtual Tour https://unbranded.youriguide.com/389_woodbine_ave_toronto_on/