Description

Price : $2,379,000.00 MLS^® : E12151193 389 Woodbine Avenue, Toronto, ON M4L 3P7

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.

Location Description

Woodbine Ave & Queen St E

Property Details

• Community: The Beaches
• Property Type: Owner+Tenant/Commercial
• Garages: None
• Annual Property Taxes : $ 5593.56

Building Features

• Parking Type : None

Features

• Heating : Electric Forced Air

Media

Land (Lot Features)

• Frontage: 27 sq.ft
• Land Depth: 140sq.ft

Listing Contracted With: RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.