389 Woodbine Avenue in Toronto: The Beaches House for sale (Toronto E02) : MLS®# E12409932

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.

General Info:

Property Type:: Residential Freehold

Property Sub Type:: Multiplex

Home Style:: 3-Storey

Total Approx Floor Area:: 2500-3000

Depth:: 140'42.7 m

Frontage:: 27'8.23 m

Lot Details:: 25.00 x 140.00 Feet

Direction Faces:: East

Bedrooms:: 4+2

Bathrooms:: 6.0

Water supply:: Municipal

Kitchens:: 6

Kitchens in Basement:: 2

Bedrooms Above Grade:: 4

Bedrooms Below Grade:: 2

Kitchens Above Grade:: 4

# Main Level Bedrooms:: 0

# Main Level Bathrooms:: 0

Rooms Above Grade:: 14

Rooms Below Grade:: 6

Rooms:: 16

Additional Info:

Heating type:: Baseboard

Heating Fuel:: Electric

Foundation:: Concrete

Roof:: Asphalt Shingle

Basement:: Apartment, Finished with Walk-Out

Fireplace/Stove:: No

Garage:: None

Garage Spaces:: 0.0

Other Structures:: Shed

Parking Features:: Mutual, Available

Parking Spaces:: 4

Total Parking Spaces:: 4.0

Family Room:: No

Possession Details:: TBD

Pool:: None

Financial Info:

HST Applicable To Sale Price:: Included In

Taxes:: $5,593.56 / 2024

Assessment:: $- / -

County:

Toronto

Listing Area:

Toronto E02

Listing Sub-Area:

The Beaches

Property Features / Area Influences:

Beach, Lake/Pond, Public Transit, Park

Interior Features:

Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Exterior Features:

Deck, Landscaped, Lawn Sprinkler System, Porch

Inclusions:

6 fridges, 5 stoves, Bosch cooktop on main floor, front-load washer & dryer (bsmt) and 1 washer/dryer combo (main floor), 2 heat pump units, 2 window A/C units, all Hunter Douglas window roller blinds where installed, furnishings in 2nd floor rear unit and 3rd floor unit, backyard storage shed

Exterior Finish:

Brick, Stucco (Plaster)

Room Information: