$2,595,000.00

48 LANARK AVENUE, Toronto (Humewood-Cedarvale), Ontario, M6C2B4, Canada Listing ID: C12165522
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Bathrooms Bedrooms Property Type
5 10 Single Family

0% loan up to $250,000 available. 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. (id:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 22 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 48 LANARK AVENUE (C12165522)
Additional Information
Amenity Near By
Features Lane
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Name - Detached Garage
Transaction For sale
Building
Bathroom Total 5
Bedrooms Total 10
Bedrooms Above Ground 8
Bedrooms Below Ground 2
Age 0 to 5 years
Basement Development Finished
Basement Features Walk out
Basement Type N/A (Finished)
Construction Style Attachment Detached
Cooling Type Central air conditioning
Exterior Finish Brick, Stucco
Fireplace Present
Foundation Type Poured Concrete
Half Bath Total 1
Heating Fuel Natural gas
Heating Type Forced air
Size Interior 3000 - 3500 sqft
Stories Total 3
Type House
Utility Water Municipal water
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