Homes for sale - 50A Lanark AVE, Toronto C03, ON M6C 2B4

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LiLiT Hakobyan

LiLiT Homes

lilithak@yahoo.com +1(416) 816-5514

$ 2,349,000

Est. payment | -/mo

7 Beds

5 Baths

Save

$ 2,349,000

Est. payment | -/mo

Save

7 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

MLS Listing ID C10929883

Style 3-Storey

Bedrooms 7

Tax Year 2024

Property Description

Newly constructed, custom 3-unit property with primary home (main house), legal basement suite and rear coach house. The primary home has 4-bedrooms, 4-bathrooms (50B Lanark main unit rented with multiple offers in May 2024 for $5,000/month). The 3-bedroom Rear coach house is leased for $3,200/month, and the 2-bedroom basement suite, which is accessible by a separate exterior entrance at the rear, is leased for $2,300/month. Approximated annual rent of $127,800 and net operating income of $116,410 (see financials attachment to this listing). The primary home has been left vacant to provide optionality to the buyer to decide whether to live in the main unit or rent it out. Because of the unique separation between the primary home and the basement suite/coach house, Buyers can choose to live in the primary home while earning substantial income from the basement and coach house. This property is not subject to Ontario rent increase limits as it is newly constructed, and rent prices can be increased annually to levels set by the Landlord. The primary home has a Main floor Powder Room and mud-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 master bedroom ensuite with a Free-Standing Tub, Double Vanity and an oversized glass shower. Large private Third floor balcony; inverted metal standing seam roof. The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown.

Location

Province ON

County Toronto

Community Humewood-Cedarvale

Area Toronto

Region Humewood-Cedarvale

City Region Humewood-Cedarvale

Rooms

Family Room Yes

Basement Separate Entrance, Apartment

Kitchen 3

Separate Den/Office 2

Interior

Interior Features None, Separate Hydro Meter, In-Law Suite, In-Law Capability

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Lane

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle,Metal

Lot Depth 120.0

Total Parking Spaces 1

Building

Foundation Poured Concrete

Listed by RIGHT AT HOME REALTY

"My job is to deliver more results for you when you are buying or selling your property! "

+1(416) 816-5514

lilithak@yahoo.com

8854 Yonge St, L4C 0T, Hill, Ontario, Canada

50A Lanark AVE Toronto C03, ON M6C 2B4