$2,149,000
PRICE
4 + 2
BEDROOMS
6
BATHROOMS
E12409932
MLSID
389 Woodbine Avenue, 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.
Summary
Address
389 Woodbine Avenue
City
Community
Street
MLSID
E12409932
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
September 17, 2025
Days on Market
1 Days
Possession Type
Flexible
Possession Details
Tbd
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
Basement
Apartment, Finished with Walk-Out
Exterior Features
Deck, Landscaped, Lawn Sprinkler System, Porch
Interior Features
Carpet Free, Floor Drain, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
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
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.