389 Woodbine Avenue

Toronto, ON M4L 3P7 ( The Beaches)

Quick Facts

Type: Multiplex

Style: 3-Storey

Size: Sq Ft

Age: Years

Taxes: $ 5,594 ( 2024)

Updated: 2025-09-19 18:44:19

Description

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 meticulously managed and 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 foot ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and 2 energy-efficient heat pumps. Oversized wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! Projected $132,000/yr NOI (or potential for AirBnB income) for excellent cap rate over 6% in one of Toronto\'s most sought-after neighbourhoods! Just steps from public transit, shops on Queen Street, as well as the boardwalk and the lake. Pride of ownership is clear and it\'s a joy to show! Brochure with floor plans and projected financials attached.

Extras

Multiplex

Property

Status: For Sale

MLS #: E12409932

Price: $ 2,149,000

Address: 389 Woodbine Avenue

Type:

Style: 3-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 5,594

Tax Year: 2024

Lot Size:

Neighbourhood: The Beaches

Nearest Intersection: Woodbine Ave & Queen St E

City: Toronto

Postal Code: M4L 3P7

DOM: 188 Days

Last Update: 2025-09-19 18:44:19

Building

Interior

Bedrooms: 6

Bathrooms: 6

Rooms: 16

Kitchens: 6

Family Room:

Fireplace:

Basement: Apartment Finished with Walk-Out,

Central Vacuum:

Exterior

Exterior: Brick Stucco (Plaster),

Driveway:

Garage: Mutual Available

Garage Spaces:

Parking Spaces: 4.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Baseboard

Heat Source: Electric

Air Conditioning: Wall Unit(s)

Water:

Sewers:

Features

Rooms