50A LANARK AVENUE, Toronto (Humewood-Cedarvale), Ontario, M6C2B4
75% VTB available. Newly constructed, custom 3-unit property with primary home (main house), legal basement suite and rear coach house.The 3-storey primary home has 4-bedrooms, 4-bathrooms (50B Lanark main unit currently rented for $5,150/month). The 3-bedroom Rear coach house was leased for $3,200/month, and the 2-bedroom basement suite, which is accessible by a separate exterior entrance at the rear, was leased for $2,250/month. Approximated annual rent of $127,800 and net operating income of $113,000 (see financials attachment to this listing). The primary home has been left vacant to provide optionality to the buyer to decide whether to live in the main unit or rent it out. Because of the unique separation between the primary home and the basement suite/coach house, Buyers can choose to live in the primary home while earning substantial income from the basement and coach house. Mirror image neighbour property at 50B Lanark Ave also available for those looking for a fully tenanted property. Option to purchase both 50A & 50B Lanark for a 6-unit income property. This property is not subject to Ontario rent increase limits as it is newly constructed, and rent prices can be increased annually to levels set by the Landlord. The primary home has a Main floor Powder Room and mud-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 master bedroom ensuite with a Free-Standing Tub, Double Vanity and an oversized glass shower.The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-768-8865
- 705-745-4321
- 705-745-4324
- jcsullivan3@yahoo.ca
- Property Address: 50A LANARK AVENUE, Toronto (Humewood-Cedarvale), Ontario, M6C2B4
- Community Name: Humewood-Cedarvale
- Property Type: Single Family
- Title: Freehold
- Lot Size: 17.5 x 120 FT ; ### INCLUDES REAR COACH HOUSE ###
- Acreage: 17.5 x 120 FT ; ### INCLUDES REAR COACH HOUSE ###
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Detached Garage, Garage
- Total Parking Spaces: 1
- Maintenance Fee: 0.00
- Structure Style: House
- Style: Semi-detached
- Storeys: 3
- Floor Space: 2500 - 3000 sqft
- Bedrooms: 7 + 2
- Bathrooms: 5-Total 1-Partial
- Basement Type: N/A, N/A
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick Facing
- Foundation Type: Poured Concrete
- Lane
- In-Law Suite
Listing Office: RIGHT AT HOME REALTY
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