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
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/