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$2,990,000
Available - For Sale
Listing ID: C9304236
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:   Window coverings
Price $2,990,000
Taxes: $10,071.27
Assessment Year: 2024
Address: 48 Lanark Ave , Toronto, M6C 2B4, Ontario
Lot Size: 25 x 120 (Feet)
Directions/Cross Streets: Eglinton Ave. W. & Allen Road
Rooms: 13
Rooms +: 3
Bedrooms: 8
Bedrooms +: 2
Washrooms: 5
Kitchens: 2
Family Room: Y
Basement: Fin W/O
No. of Pieces Level
Washroom 1:  2 Ground
Washroom 2:  5 2nd
Washroom 3:  3 2nd
Washroom 4:  3 3rd
Washroom 5:  3 Bsmt
Property Type: Detached
Style: 3-Storey
Exterior: Brick
Stucco/Plaster
Garage Type: Built-In
(Parking/)Drive: Available
Drive Parking Spaces: 1
Pool: None
Approximatly Age: 0-5
Approximatly Square Footage: 3500-5000
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

48 Lanark Ave , Toronto, M6C 2B4, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto
Neighbourhood: Humewood-Cedarvale
Style: 3-Storey
Lot Size: 25.00 x 120.00(Feet)
Approximate Age: 0-5
Tax: $10,071.27
Maintenance Fee: $0
Beds: 8+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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