$2,749,000
FOR SALE

Detached

Bedrooms: 8+2Bathrooms: 5Lot: 25 x 120 ft

48 Lanark Avenue
Toronto (Humewood-Cedarvale), ON M6C 2B4

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:47421)
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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C10929868
Last Updated Nov 26, 2024
Property Summary
Property Type Detached

More like this:
Community Humewood-Cedarvale
Price History

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Detailed Information
Bedrooms 8+2
Bathrooms 5
Lot 25 x 120 ft
Features Lane
Listing Contract Date 2024-11-26
Location Description Eglinton Ave. W. & Allen Road
Ownership Type Freehold
# of Parking Spaces 1
Property Type Single Family
Transaction Type For sale
Building
Appliances Window Coverings
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
Foundation Type Poured Concrete
# of Half Bathrooms 1
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 3
Type House
Utility Water Municipal water
Parking Spaces
Name Spaces
Garage
Land
Total Size 25 x 120 FT ; Includes Coach House / Laneway Suite
Sewer Sanitary sewer
Size of Irregular Land 25 x 120 FT ; Includes Coach House / Laneway Suite

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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.

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