50A Lanark Avenue, Toronto | Image 1

50A Lanark Avenue

Toronto, Humewood-Cedarvale

  • 7 bed 5 bath 2500 sqft
$2,349,000 est.*: $7,957/mo
For Sale

Added 3 weeks ago

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  • Type: Triplex

  • Style: 3-Storey

  • Size: 2500 sqft

  • Lot Size: 17.5 x 120 Feet

  • Age: No Data

  • Added: Nov 26, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: C10929883

  • Listed By: Right at home realty

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 and rear yard with BBQ hookup. The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown.

Extras

3 Hydro meters, 2 gas meters. Custom window coverings and closet built-in in all bedrooms.

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Property

  • Status: Sale

  • Property Type: Triplex

  • Style: 3-Storey

  • Size (sq ft): 2500

  • Area: Toronto

  • Community: Humewood-Cedarvale

  • Availability Date: TBC

  • Assessment Year: 2024

Inside

  • Bedrooms: 7

  • Bedrooms Plus: 2

  • Bathrooms: 5

  • Kitchens: 2

  • Kitchens Plus: 1

  • Rooms: 9

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Laundry Level: Upper

  • Washrooms: 5

Building

  • Basement: Apartment

  • Basement 2: Sep Entrance

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick Front

  • UFFI: No

  • Water Supply: Municipal

  • Special Designation: Unknown

  • Other Structures: Aux Residences

Parking

  • Driveway: Lane

  • Garage Spaces: 1

  • Garage Type: Detached

  • Covered Parking Spaces: 1

  • Total Parking Spaces: 1

Fees

  • Tax Year: 2024

  • Tax Legal Description: Part of Lots 98 and 99, Registered Plan 1687, designated as Part

Land

  • Cross Street: Oakwood Ave & Eglint

  • Municipality District: Toronto C03

  • Fronting On: North

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 120 Feet

  • Lot Frontage: 17.5 Feet

  • Lot Irregularities: ### INCLUDES REAR COA

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Map of 50A Lanark Avenue, Toronto
JK-8

Fairbank Public School

Elementary: Public
0.67 km
JK-8

J R Wilcox Community School

Elementary: Public
0.48 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
0.30 km
9-12

Vaughan Road Academy

Secondary: Public
0.76 km
9-12

Yorkdale Secondary School

Secondary: Public
2.95 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
1.77 km
9-12

Dante Alighieri Academy

Secondary: Catholic
1.98 km

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