4 Beds 6 Bath

389 Woodbine Avenue, Toronto, ON M4L 3P7

Toronto E02 M4L 3P7 Ontario

MLS: E12144893

$2,379,000

Added 15 days ago | For Sale

Listed by: RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

About Property

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.

Features

  • House Style:Multiplex
  • Bathrooms:6
  • Land Size: 27 X 140
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Woodbine Ave & Queen St E
  • Basement:Apartment,Finished with Walk-Out , Apartment,Finished with Walk-Out
  • Possession Date:TBD
  • Annual Property taxes: $5593.56
  • Bedrooms:4 +2
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Baseboard
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:E12144893

Level Type Features Dimensions
Main Living Room Bay Window, Open Concept, Hardwood Floor 13 ft, 6 in x 14 ft, 9 in
Kitchen Centre Island, Renovated 10 ft, 4 in x 7 ft, 5 in
Bedroom Open Concept, B/I Closet, Hardwood Floor 9 ft, 9 in x 11 ft, 7 in
Second Living Room Bay Window, Open Concept, Hardwood Floor 10 ft, 5 in x 10 ft, 3 in
Kitchen Stainless Steel Appl, Open Concept 10 ft, 4 in x 4 ft, 6 in
Bedroom Window 9 ft, 8 in x 7 ft, 10 in
Living Room Large Window 7 ft, 5 in x 9 ft, 7 in
Kitchen Open Concept, Combined w/Dining, Stainless Steel Appl 9 ft, 10 in x 7 ft, 2 in
Bedroom Window, Closet 9 ft, 1 in x 9 ft
Third Living Room Walk-Out, Open Concept 10 ft, 10 in x 6 ft, 9 in
Kitchen Open Concept, Stainless Steel Appl 11 ft, 3 in x 4 ft
Bedroom Large Window, Closet 10 ft, 11 in x 10 ft, 10 in
Basement Living Room Open Concept, Pot Lights 12 ft, 10 in x 13 ft, 2 in
Kitchen Open Concept, Pot Lights 6 ft, 8 in x 7 ft, 1 in
Bedroom Window 9 ft, 6 in x 6 ft, 10 in
Living Room Open Concept, Pot Lights 13 ft, 3 in x 11 ft, 1 in
Kitchen Stainless Steel Appl 8 ft, 9 in x 3 ft, 4 in
Bedroom Large Window 6 ft, 9 in x 8 ft, 1 in

No property rooms available.

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