$2,379,000
15.24 BTC
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389 Woodbine Avenue, Toronto
$2,379,000
PRICE
4 + 2
BEDROOMS
6
BATHROOMS
E12144893
MLSID

389 Woodbine Avenue, Toronto

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.
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Summary

Address
389 Woodbine Avenue
Community
MLSID
E12144893
Property Type
Multiplex
Property Category
Bedrooms
4 + 2
Bathrooms
6
Rooms
14 + 6
Kitchens
4 + 2
Taxes (Annual)
$5,593.56
Tax Year
2024
Published
May 13, 2025
Days on Market
80 Days
Possession Type
Flexible
Possession Details
Tbd
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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

Details

Property Features
Beach, Lake/Pond, Public Transit, Park
Bathroom 1
3-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
3-Piece Third Level
Bathroom 4
4-Piece Basement Level
Parking Spaces
4
Parking Total
4
Parking Features
Mutual, Available
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Stucco (Plaster)
Lot Width
27 Feet
Lot Depth
140 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
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