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1191 WOODBINE AVENUE, Toronto (Woodbine-Lumsden) — listed at $949,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Here's a turn-key investment and/or live-in opportunity; live in one unit and potentially rent out the rest! All the heavy lifting has been done! Three levels, three rented apartments, each featuring its own open concept living area / kitchen and separate bedroom. Upper unit has plate glass windows with beautiful view of backyard, and of the sunsets at the front; main floor unit has convenience of easy access to backyard, an updated kitchen, and hardwood floors; lower level unit is newly reno'd with new kitchen, including live-edge countertop, new appliances, plank flooring. Shared amenities such as laundry room with skylight, bright and leafy backyard space, enclosed front porch. Fabulous tenants are all month-to-month, but would like to stay! Currently rented for $1,600 + $1,735 + $1,735 = $5,070/mo gross. Property zoned as mixed use Residential / Commercial. Well established leafy neighbourhood offers dedicated bike path on Woodbine, Woodbine subway station, shops and cafes of Danforth Village, churches and schools only a quick 10 minute walk away, and quick access to Taylor Creek park and bike trails. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4 x 3.73 meters |
| Kitchen | Main level | 2.62 x 2.65 meters |
| Bedroom | Main level | 3.05 x 3.4 meters |
| Living room | Second level | 4 x 3.8 meters |
| Kitchen | Second level | 2.1 x 3.5 meters |
| Bedroom | Second level | 4 x 3.6 meters |
| Living room | Basement | 3.89 x 2.39 meters |
| Kitchen | Basement | 3.79 x 1.79 meters |
| Bedroom | Basement | 3.89 x 2.89 meters |
| Laundry room | Ground level | 1.8 x 2.87 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,423.55, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 1191 WOODBINE AVENUE a good fit for a growing family?+
With 3 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, 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 (Woodbine-Lumsden) before counting on it.
How is the space laid out across floors?+
This is a 2-storey single family. The 3 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
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