$2,149,000Asking Price
389 Woodbine Avenue, Toronto E02, ON M4L 3P7
The Beach, Toronto
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. 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.
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. 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.
See MoreKey Info
- 3-Storey Multiplex
- 4 Parking
- No Garage
- Woodbine Ave & Queen St E
- 2500-3000 Approximate Sq Feet
- No Ensuite Laundry
- Baseboard Electric Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,593 in 2024
- Possession: TBD
Details
- Brick Exterior
- No Fireplace
- 6 + 2 Kitchens
- MLS #E12409932
- RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 10.33' x 7.38' | Centre Island, Renovated |
 | 1 3-Piece Bathroom on Main Floor | |||
| 2 4-Piece Bathrooms | |||
| 1 3-Piece Bathroom | |||
| 2 4-Piece Bathrooms | |||
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Who lives here?
The Beach, Toronto is a central Toronto neighbourhood notable for its university grads, executives and business, education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of babies, kids aged 5 to 14, adults aged 40 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
44%
of residents are
single and loving it.
44% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
38%
of residents
are renters.
38% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
63%
of residents are
university grads.
63% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$207K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 13% |
| Management | 13% |
| Sales | 12% |
| Business | 12% |
| Culture | 8% |
Immigrants
20%
of residents were
born outside of Canada.
20% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.0% from UK
All-time
Birthplace - Recent
0.4% from UK
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| German | 1% |
| Spanish | 1% |
| Cantonese | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 55% |
| Jewish | 2% |
| Buddhist | 1% |
| Hindu | 1% |
| Muslim | 1% |
Social Housing
Social Housing Buildings
6
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
