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Key Facts
Key facts for 389 Woodbine Avenue
Property Type
Commercial
Parking
None
MLS #
E12409935
Size
-
Basement
-
Listed on
2025-09-17
Lot size
27 x 140.0
Tax
$5,593.56 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
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 gut...ted 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. Wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! Projected $126,000/yr NOI (or potential for AirBnB income) for excellent cap rate of approx 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.
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