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Front of 389 Woodbine Avenue
389 Woodbine AvenueToronto (The Beaches)
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Ontario Real Estate › Toronto › The Beaches
Front of 389 Woodbine Avenue
389 Woodbine AvenueToronto (The Beaches)
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MultiplexMLS E12409932
Last asked:Suspended Oct 23, 2025
$2,149,000
4+2 Bedrooms
6 Bathrooms
4 Parking
2.5K~3K Sq.Ft.
27 x 140 ft Lot
$5,594 Tax/yr

Property history

$2,379,000first asked
$2,149,000last asked
▼ 10%since May
MayJulAugOct
SuspendedOct 23, 2025
$2,149,000MLS® E12409932
Listed for saleSep 17, 2025
$2,149,000MLS® E12409932
TerminatedSep 15, 2025
$2,379,000MLS® E12144893
Listed for saleMay 13, 2025
$2,379,000MLS® E12144893
Nima Mirderrickvand
Nima Mirderrickvand

Real Estate Broker

416-616-6676

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About this home

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. Oversized wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! Projected $132,000/yr NOI (or potential for AirBnB income) for excellent cap rate over 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.

Carpet FreeFloor DrainSeparate Heating ControlsSeparate Hydro MeterWater Heater OwnedBeach

Facts & features

TypeMultiplex
Style3-storey
Size2.5K~3K Sq.Ft.
Lot27 x 140 ft
Tax$5,594 (2024)
HeatingBaseboard, electric
CoolingWall unit(s)
BasementApartment, finished with walk-out
Parking4 drive
WaterMunicipal

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Rooms

18 rooms · 6 bathrooms
Main floor3 rooms
  • Living room13′6″ × 14′9″200 sq.ft.
  • Kitchen10′4″ × 7′5″76 sq.ft.
  • Bedroom9′9″ × 11′7″113 sq.ft.
Second floor6 rooms
  • Living room10′5″ × 10′3″106 sq.ft.
  • Kitchen10′4″ × 4′6″46 sq.ft.
  • Bedroom9′8″ × 7′10″75 sq.ft.
  • Living room7′5″ × 9′7″71 sq.ft.
  • Kitchen9′10″ × 7′2″71 sq.ft.
  • Bedroom9′1″ × 9′82 sq.ft.
Third floor3 rooms
  • Living room10′10″ × 6′9″73 sq.ft.
  • Kitchen11′3″ × 4′46 sq.ft.
  • Bedroom10′11″ × 10′10″118 sq.ft.
Basement6 rooms
  • Living room12′10″ × 13′2″169 sq.ft.
  • Kitchen6′8″ × 7′1″47 sq.ft.
  • Bedroom9′6″ × 6′10″65 sq.ft.
  • Living room13′3″ × 11′1″147 sq.ft.
  • Kitchen8′9″ × 3′4″29 sq.ft.
  • Bedroom6′9″ × 8′1″55 sq.ft.
Bathrooms6
4-pcSecond4-pcSecond4-pcBasement4-pcBasement3-pcMain3-pcThird
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Around this home

Woodbine Ave & Queen St E
10Walking

Schools nearby

School rating, out of 10.

Norwayelementary · Public · 0.3 km
6.7/10
Kew Beachelementary · Public · 0.6 km
8.4/10
Bowmore Roadelementary · Public · 0.7 km
5.9/10

Listing details

MLS® numberE12409932
Listed onSep 17, 2025
Days on market36
UpdatedOct 23, 2025
Listing brokerageRE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
PossessionFlexible

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