$2,990,000
FOR SALE

Detached 3-Storey

Bedrooms: 8+2Bathrooms: 5Lot: 25 x 120 ft
2024 Taxes: $10,071.27

48 Lanark Ave
Toronto, ON M6C 2B4 | Humewood-Cedarvale

New 5-Bedroom custom home with a large 3-bedroom / 2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $50,000 per year. The coach house was rented for the past year at $3,920/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. Home and Coach house were completed in June 2023 and were tenanted until August 2024. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.
Extras
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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9304236
Last Updated Sep 23, 2024
Property Summary
Property Type Detached

More like this:
PIN 104510107
Legal Description LT 97 PL 1687 TWP OF YORK ; T/W & S/T CA689070; TORONTO (YORK) , CITY OF TORONTO
Possession Date Flexible
Taxes (2024) $10,071.27
Directions/Cross Streets Eglinton Ave. W. & Allen Road
Neighbourhood Humewood-Cedarvale
Area Toronto
Price History

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Detailed Information
Fronting On N
Link N
Special Designations Unknown
Easements Restrictions Right Of Way
Bedrooms 8+2
Bathrooms 5
Rooms 13+3
Kitchens 2
Lot 25 x 120 ft
Lot Irregularities Includes Coach House / Laneway Suite
Approximate Square Footage 3500-5000
Approximate Age 0-5
Exterior Brick, Stucco/Plaster
Air Conditioning Central Air
Family Room Y
Fireplace/Stove N
Pool None
Laundry Level Upper
Basement Fin W/O
Drive Available
Garage Spaces 1.0
Garage Type Built-In
Parking Spaces 1
Total Parking Spaces 1.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Seller Property Info Statement N
Bathrooms
Pieces Level
2Ground
52nd
32nd
33rd
3Bsmt

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