48 Lanark Ave

For Sale 27 Days
$2,574,000
10 beds
5 baths

48 Lanark Ave

For Sale 27 Days
$2,574,000
10 beds
5 baths

Highlights

Key insights

Description

0% loan up to $500,000 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 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. 0% loan up to $500,000 available. Truly a property worth viewing given the unique coach house element in addition to the custom primary home. (id:63267)

JAIME LARA SHEDLETSKY of RIGHT AT HOME REALTY,
#C12414788
updated 19 hours ago.
Houseful checked MLS® for data 19 hours ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    3
  • # parking spaces
    1
  • Has garage (y/n)
    Yes
Interior
  • # full baths
    4
  • # half baths
    1
  • # total bathrooms
    5.0
  • # of above grade bedrooms
    10
Location
  • Subdivision
    Humewood-cedarvale
Overview
  • Lot size (acres)
    0.0
  • Listing #
    C12414788
  • Property sub type
    Single family residence
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28887183/48-lanark-avenue-toronto-humewood-cedarvale-humewood-cedarvale
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-6,864

/ Month
25 Years fixed, 20% down payment, % interest
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