ON > Toronto E02 > The Beaches
Toronto E02, ON M4L 3P7,389 Woodbine AVE
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Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
Toronto E02, ON M4L 3P7,389 Woodbine AVE
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,379,000
Est. payment /mo
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Active

389 Woodbine AVE Toronto E02, ON M4L 3P7

2,642 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,642 sqft

Price per Sqft $900

Subdivision The Beaches

MLS Listing ID E12151193

Annual Tax Amount $5,593

Tax Year 2024

Property Sub-Type Investment

Lot Depth 140.0

Lot Front 27.0

Property 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 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

Province ON

County Toronto

Community The Beaches

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 27.0

Lot Depth 140.0

Others

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Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
agent

Jethro Seymour

Broker

+1(416) 712-0767

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389 Woodbine AVE

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