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.
Address
389 Woodbine Avenue
List Price
$2,379,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
sale
Area
Toronto E02
Sub-Area
The Beaches
Region
Toronto
Bedrooms
4 + 2
Bathrooms
6
Floor Area
2500 - 3000 Sq. Ft.
Lot Depth
140
Lot Size Units
Feet
Lot Width
27
MLS® Number
E12144893
Listing Brokerage
RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Basement Area
Apartment, Finished with Walk-Out
Postal Code
M4L 3P7
Parking
Mutual, Available
Parking Places (Total)
4
Tax Amount
$5,593.56
Tax Year
2024
Exterior Features
Deck, Landscaped, Lawn Sprinkler System, Porch
Interior Features
Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Property Features
Beach, Lake/Pond, Public Transit, Park
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Wall Unit(s)
Construction Materials
Brick, Stucco (Plaster)
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage Type
None
Kitchens Total
6
Other Structures
Shed
Pool Features
None
Roof
Asphalt Shingle
Waterfront
No
Sewer
Sewer
