48 Lanark Avenue No longer available

Toronto, Humewood-Cedarvale, M6C 2B4

$2,990,000

Description

Listed by RIGHT AT HOME REALTY.

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.

Window coverings

Location

View Map
  • Address: 48 Lanark Avenue
  • Neighborhood: Humewood-Cedarvale
  • City: Toronto
  • State: Ontario
  • Postal Code: M6C 2B4

Property Details

  • Property ID: C9304236
  • Property Price: $2,990,000
  • Style: Detached, 3-Storey
  • Sq/Ft: 3500-5000
  • Rooms: 13+3
  • Bedrooms: 8+2
  • Bath: 5
  • Garages Spaces: 1
  • Garage: Built-In
  • Parking Spaces: 1
  • Year Built: 0-5
  • A/C: Central Air
  • Basement: Fin W/O
  • Den: Y
  • Exterior: Brick, Stucco/Plaster
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $10,071.27 (2024)
  • Lot: 120.00x25.00 (Feet) - Includes Coach House / Laneway Suite

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


Sign In / Register

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100