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  • “From top-to-bottom renovations to excellent projected returns, this property is the ultimate blend of stability and opportunity.”

    Sabrina Cameron

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 $130,000/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! 

Overview

Property Status
For Sale
MLS ID
E12409932
Property Type
Multi-Family

Features & Amenities

Neighborhood
The Beaches
Architecture Styles
3-Storey
Pool
None
Roof
Asphalt Shingle
Parking
Mutual, Available
Heat Type
Baseboard
Air Conditioning
Wall Unit(s)
Other Interior Features
Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Sewer
Sewer
Substructure
Concrete
Other Exterior Features
Deck, Landscaped, Lawn Sprinkler System, Porch
Sales Price
$2,149,000 CAD
Real Estate Tax
$5,594 CAD/yr

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389 Woodbine Avenue

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for your interest in 389 Woodbine Avenue, Toronto E02, ON M4L 3P7, CA

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The Beaches

Explore The Beaches

An exclusive lakeside neighborhood in known for its sandy shores, small-town feel, and laid-back vibe.

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