agent pic
389 Woodbine Avenue Image 1

$2,379,000

10 hours agoOther For Sale
bedrooms6bed
washrooms7bath
MLS - #E12144893

389 Woodbine Avenue, Toronto E02, ON M4L 3P7

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Average Price
237900000.0%
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Property Description

Property type

Other

Lot size

N/A

Style

3-Storey

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Living Room4.12 x 4.5 mBay Window, Open Concept, Hardwood FloorMain
Kitchen3.15 x 2.25 mCentre Island, RenovatedMain
Bedroom2.96 x 3.54 mOpen Concept, B/I Closet, Hardwood FloorMain
Living Room3.17 x 3.12 mBay Window, Open Concept, Hardwood FloorSecond

About 389 Woodbine Avenue

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.

Home Overview

Last updated

7 hours ago

Virtual tour

None

Basement information

Apartment, Finished with Walk-Out

Building size

--

Status

In-Active

Property sub type

Other

Maintenance fee

$N/A

Year built

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Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

Additional Details

Basement:Apartment, Finished with Walk-Out
Cooling:Wall Unit(s)
Heating:Baseboard
Parking Features:Mutual, Available

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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