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Toronto E02, ON M4L 3P7,389 Woodbine AVE
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Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
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Raymond Hau

Raymond Hau

+1(416) 201-2001
$ 2,149,000
Est. payment /mo
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389 Woodbine AVE Toronto E02, ON M4L 3P7

6 Beds

6 Baths

UPDATED:

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/

Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Raymond Hau

Raymond Hau

Team Leader

+1(416) 201-2001

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