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$2,349,000
Available - For Sale
Listing ID: C10929883
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.
Extras:   3 Hydro meters, 2 gas meters. Custom window coverings and closet built-in in all bedrooms.
Price $2,349,000
Taxes: $0
Assessment Year: 2024
Address: 50A Lanark Ave , Toronto, M6C 2B4, Ontario
Lot Size: 17.5 x 120 (Feet)
Directions/Cross Streets: Oakwood Ave & Eglinton Ave W
Rooms: 9
Rooms +: 3
Bedrooms: 7
Bedrooms +: 2
Washrooms: 5
Kitchens: 2
Kitchens +: 1
Family Room: Y
Basement: Apartment
Sep Entrance
No. of Pieces Level
Washroom 1:  2 Ground
Washroom 2:  3 2nd
Washroom 3:  5 2nd
Washroom 4:  3 3rd
Washroom 5:  3 Flat
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick Front
Garage Type: Detached
(Parking/)Drive: Lane
Drive Parking Spaces: 1
Pool: None
Other Structures: Aux Residences
Approximatly Square Footage: 2500-3000
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Upper
Sewers: Sewers
Water: Municipal
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RIGHT AT HOME REALTY

50A Lanark Ave , Toronto, M6C 2B4, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto
Neighbourhood: Humewood-Cedarvale
Style: 3-Storey
Lot Size: 17.50 x 120.00(Feet)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 7+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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