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.
Address
389 Woodbine Avenue
List Price
$2,379,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Toronto E02
Sub-Area
The Beaches
County
Toronto
Lot Depth
140
Lot Type
Lot
Lot Size Units
Feet
Lot Width
27
MLS® Number
E12151193
Listing Brokerage
RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Postal Code
M4L 3P7
Tax Amount
$5,593.56
Tax Year
2024
Heat Type
Electric Forced Air
Cooling Features
Yes
Garage Type
None