389 Woodbine Avenue
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.
Features of 389 Woodbine Avenue
| MLS® # | E12409932 |
|---|---|
| Price | $2,149,000 |
| Bedrooms | 4 |
| Bedrooms Plus | 2 |
| Bathrooms | 6.00 |
| Square Footage | 2500-3000 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 3-Storey |
| Status | Active |
Community Information
| Address | 389 Woodbine Avenue |
|---|---|
| Area | Toronto |
| Neighborhood | The Beaches |
| City | Toronto E02 |
| Province | ON |
| Postal Code | M4L 3P7 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garage Type | None |
| Pool | None |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| Basement | Apartment, Finished with Walk-Out |
Exterior
| Exterior | Brick, Stucco (Plaster) |
|---|
Listing Details
| Office | RE/MAX HALLMARK RICHARDS GROUP REALTY LTD. |
|---|