48 Lanark Avenue, Toronto | Image 1

48 Lanark Avenue

Toronto, Humewood-Cedarvale

  • 8 bed 5 bath 3500 sqft
$2,749,000 est.*: $9,313/mo
For Sale

Added 1 week ago

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  • Type: Detached

  • Style: 3-Storey

  • Size: 3500 sqft

  • Lot Size: 25 x 120 Feet

  • Age: 0-5 years

  • Taxes: $10,071 per year

  • Added: Nov 26, 2024 (1 week ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: C10929868

  • Listed By: Right at home realty

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.

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Property

  • Status: Sale

  • Property Type: Detached

  • Style: 3-Storey

  • Size (sq ft): 3500

  • Age: 0-5

  • Area: Toronto

  • Community: Humewood-Cedarvale

  • Availability Date: TBC

Inside

  • Bedrooms: 8

  • Bedrooms Plus: 2

  • Bathrooms: 5

  • Kitchens: 2

  • Rooms: 13

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Laundry Level: Upper

  • Washrooms: 5

Building

  • Basement: Fin W/O

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Stucco/Plaster

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Spaces: 1

  • Garage Type: Built-In

  • Covered Parking Spaces: 1

  • Total Parking Spaces: 1

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 97 PL 1687 TWP OF YORK ; T/W & S/T CA689070; TORONTO (YORK) ,

  • Taxes: $10,071

Land

  • Cross Street: Eglinton Ave. W. & A

  • Municipality District: Toronto C03

  • Fronting On: North

  • Parcel Number: 104510107

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 120 Feet

  • Lot Frontage: 25 Feet

  • Lot Irregularities: Includes Coach House

  • Easements Restrictions: Right Of Way

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Map of 48 Lanark Avenue, Toronto
JK-8

Fairbank Public School

Elementary: Public
0.68 km
JK-8

J R Wilcox Community School

Elementary: Public
0.47 km
JK-8

D'Arcy McGee Catholic School

Elementary: Catholic
0.51 km
JK-8

Sts Cosmas and Damian Catholic School

Elementary: Catholic
1.12 km
JK-6

West Preparatory Junior Public School

Elementary: Public
0.93 km
JK-8

St Thomas Aquinas Catholic School

Elementary: Catholic
0.31 km
9-12

Vaughan Road Academy

Secondary: Public
0.76 km
9-12

Yorkdale Secondary School

Secondary: Public
2.96 km
9-12

Oakwood Collegiate Institute

Secondary: Public
2.07 km
9-12

John Polanyi Collegiate Institute

Secondary: Public
2.30 km
9-12

Forest Hill Collegiate Institute

Secondary: Public
1.76 km
9-12

Dante Alighieri Academy

Secondary: Catholic
1.99 km

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