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Home ON Greater Toronto Area Toronto Old Toronto The Beaches
389 WOODBINE AVENUE
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389 WOODBINE AVENUE $2,379,000
2 days ago
$2,379,000
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389 WOODBINE AVENUE
Toronto (The Beaches), Ontario M4L3P7

MLS® Number: E12151193

Listing 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 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 ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and 2 energy-efficient heat pumps. Wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! NOI of $132,000 /yr for excellent cap rate in one of Toronto's 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 is attached. (40469684)

Location Description

Woodbine Ave & Queen St E

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
The Beaches
Land Size
27 x 140 FT
Annual Property Taxes
$5,593.56
Time on REALTOR.ca
2 days

Building

Interior Features
Appliances Included
Blinds, Cooktop, Dryer, Storage Shed, Stove, Washer, Refrigerator
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Electric)
Utilities
Water
Municipal water

Measurements

Square Footage
2642 sqft

Land

Lot Features
Frontage
27 ft
Land Depth
140 ft
Other Property Information
Zoning Description
R(d0.6)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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