Active

48 Lanark Ave

Toronto Ontario, M6C 2B4

$3,149,000


Active

10 Beds

5 Baths

Residential

New 5-Bedroom custom home with a large 3-bedroom / 2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $50,000 per year. The coach house was rented for the past year at $3,920/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. Home and Coach house were completed in June 2023 and were tenanted until August 2024. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.

C9304236

MLS ID

September 18, 2024

Updated

Map

48 Lanark Ave
Toronto Ontario, M6C 2B4

Interior Features

Bedrooms

10


Total Bathrooms

5


Laundry Description

Upper


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Sewers

Other Property Details

Area Name

Humewood-Cedarvale


Taxes

$10,071


Tax Frequency

Annually


Garage

Yes


Garage Spaces

1


Parking

Built-In


Parking Total

1


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None

 

Courtesy of Listed by , RIGHT AT HOME REALTY,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:20 AM UTC, 9/18/2024

 

Powered byLuxury Presence