$2,379,000
Available - For Sale
Listing ID: E12151193
389 Woodbine Avenue , Toronto, M4L 3P7, Toronto
| 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. |
| Price | $2,379,000 |
| Taxes: | $5593.56 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner+T |
| Address: | 389 Woodbine Avenue , Toronto, M4L 3P7, Toronto |
| Postal Code: | M4L 3P7 |
| Province/State: | Toronto |
| Directions/Cross Streets: | Woodbine Ave & Queen St E |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 2642.43 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK RICHARDS GROUP REALTY LTD. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto E02 |
| Neighbourhood: | The Beaches |
| Tax: | $5,593.56 |
| Fireplace: | N |
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