679 WOODBINE Avenue

About this property

Stunning Triplex located in the Upper Beaches neighbourhood. Tastefully renovated from top to bottom, this property is the definition of a turnkey investment with current potential to generate $6200+/month in rental income. The ground floor boasts a spacious bachelor unit complete with murphy bed, full kitchen, and generous bathroom. The main floor unit has the potential to be converted into a commercial unit for a variety of uses, and includes an additional large storage space. Its clean and modern design is beautifully highlighted by large windows. The second floor unit contains a 2 bedroom, 2 bathroom split bedroom floorplan, accessed through private side deck. Current tenants pay $2600 + utilities. The third floor contains a 1 bedroom, 1 bath unit. Accessed through a rear private entrance and including an additional private outdoor deck. Currently tenanted month to month for $2100 + utilities, the Tenants show true pride in ownership and are willing to stay. The property features 2 car parking with a separate garage for a potential 3rd spot or garden suite. All mechanicals are owned, and units separately metered. Roofs replaced in 2021 and 2023. Each unit comes with stainless steel appliances and ensuite washer and dryer. Located at the corner of Woodbine & Cassels, 1 block south of Gerrard, you have the bus stop at your doorstep and the streetcar just steps away. Convenient location in a desirable neighbourhood, close to schools, parks, shopping, and minutes to the beach. This versatile property provides endless opportunities to maximize income potential: long term lease, short term rental, potential commercial space. With a total area measuring just over 2500 sq.ft., This property offers some of the best value for triplexes available in the upper beaches area. (Please note: some photos contain virtual staging)