48 Lanark AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto C03,ON M6C 2B4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID C10929868
Style 3-Storey
Bedrooms 8
Annual Tax Amount $10,071
Tax Year 2024
Property Description
New 5-Bedroom custom home with a large 3-bedroom/2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $45,000 per year. The coach house is currently leased for $3,745/month. Live in a luxury custom finished home while receiving this considerable rental income care-free. The Coach house is also ideal as an 'in-law suite' for multi-generational households, and is uniquely separated into two living spaces (one on each level) by keyed doors. The coachhouse kitchen is located on the second floor with an additional kitchen rough-in on the main floor. The primary home has a rare 5 bedrooms and 5 bathrooms, and is perfect for a large family or those looking for 4 bedrooms plus an office. Powder Room, Custom-built eat-in kitchen with floor to ceiling pantry for ample storage. Oversized Master Bedroom With tons of natural light, His and Her Custom millwork Closets, and oversized master bedroom ensuite with Free-Standing Tub, Double Vanity and an oversized glass shower. Third floor covered balcony with Private backyard, large deck and rear basement walkout. The primary home may also be retrofitted for a future basement apartment as it is separated from the main floor and is equipped with a separate exterior entrance, 2 bedrooms and a laundry/kitchen rough-in. This would allow a future owner to receive additional rental income from a large 2 bedroom basement apartment in addition to substantial rental income from the detached coach house. This home is located steps to Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown. Construction completed in June 2023 so it is not subject to Ontario rent increase limits. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.
Location
Province ON
County Toronto
Community Humewood-Cedarvale
Area Toronto
Region Humewood-Cedarvale
City Region Humewood-Cedarvale
Rooms
Family Room Yes
Basement Finished with Walk-Out
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available,Private,Lane
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Depth 120.0
Total Parking Spaces 1
Building
Foundation Poured Concrete