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Jay Barwell

Every Avenue Real Estate

barwell@everyavenue.ca +1(647) 998-1913

$ 2,379,000

Est. payment -/mo

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389 Woodbine AVE Toronto E02, ON M4L 3P7

6 Beds

6 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision The Beaches

MLS Listing ID E12144893

Style 3-Storey

Bedrooms 6

Annual Tax Amount $5,593

Tax Year 2024

Property Sub-Type Other

Property Description

Rare opportunity to own a fully renovated, high income-generating residential property in prime Beach! An incredible turn-key multi-unit residence designed for savvy investors, multi-generational families, or owners looking to live in one suite while renting out the others. All six self-contained 1-bedroom units are separately metered and have been thoughtfully designed and finished. The main floor is especially appealing as an owners suite: a king-sized 1-bedroom with its own laundry and a walkout to a private Trex deck and landscaped backyard with 3-zone irrigation. Set the market rents or create your own living arrangement as 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, and has been meticulously upgraded from the ground up, including 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 energy-efficient heat pumps. Wide and deep lot (27x140) where parking for up to 4 cars is possible. No detail overlooked! Truly spectacular investment with a high cap rate in one of Torontos 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 for high cap rate is attached.

Location

Province ON

County Toronto

Community The Beaches

Area Toronto

Rooms

Family Room No

Basement Apartment, Finished with Walk-Out

Kitchen 6

Separate Den/Office 2

Interior

Interior Features Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Cooling Wall Unit(s)

Inclusions 6 fridges, 5 stoves, Bosch cooktop on main floor, front-load washer & dryer (bsmt) and 1 washer/dryer combo (main floor), 2 heat pump units, 2 window A/C units, all Hunter Douglas window roller blinds where installed, furnishings in 2nd floor rear unit and 3rd floor unit, backyard storage shed

Exterior

Exterior Feature Deck, Landscaped, Lawn Sprinkler System, Porch

Parking Features Mutual, Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 27.0

Lot Depth 140.0

Total Parking Spaces 4

Building

Foundation Concrete

Others

Senior Community No

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Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

Jay Barwell

+1(647) 998-1913

Jay Barwell

389 Woodbine AVE Toronto E02, ON M4L 3P7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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389 Woodbine AVE