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388 OAKWOOD AVENUE, Toronto (Oakwood Village) — listed at $1,849,999. Earn buyer cashback at closing. No catches, just more money in your pocket.
Located in the heart of vibrant Oakwood Village, approximately 7 km from the CN Tower, this stunning custom-designed and fully renovated home offers over 2,700 sq. ft. of beautifully finished living space. Every detail has been thoughtfully designed with premium finishes, including wide-plank oak floors, custom millwork, designer lighting, heated bathroom floors, spray foam insulation for added comfort and quiet, and a bright open-concept layout perfect for modern living. The showpiece kitchen features high-end stainless steel appliances, a built-in oven and microwave, an oversized island with seating, and flows seamlessly into the spacious living and dining areas with a custom linear fireplace. Upstairs you'll find generous bedrooms with custom closets, second-floor laundry, and beautifully finished bathrooms. What makes this home truly special is its flexibility. The home has successfully generated strong monthly revenue as a short-term rental. Whether you choose to live in the upper levels while generating income from the lower level or maximize the property's investment potential, this home offers a variety of lifestyle. With ample rear parking and just minutes to the subway, parks, cafés, restaurants, and shopping, this is a rare opportunity to own a luxury home that offers exceptional style, flexibility, and proven income potential. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Ground level | 4.72 x 4.72 meters |
| Dining room | Ground level | 3.71 x 2.41 meters |
| Kitchen | Ground level | 3.61 x 3.25 meters |
| Family room | Ground level | 4.75 x 4.14 meters |
| Primary Bedroom | Second level | 6.74 x 2.77 meters |
| Bedroom 2 | Second level | 4.72 x 2.95 meters |
| Bedroom 3 | Second level | 2.97 x 3.02 meters |
| Living room | Basement | 4.05 x 4.72 meters |
| Bedroom | Basement | 2.47 x 3.07 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,073.34, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Oakwood Village) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 388 OAKWOOD AVENUE a good fit for a growing family?+
With 4 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 2 spaces — Other, No Garage.
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