Homes for sale - 48 Lanark AVE, Toronto C03, ON M6C 2B4

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Fawad Nissari

fawad.nissari@exprealty.com +1(416) 878-1085

$ 2,595,000

Est. payment | -/mo

10 Beds

5 Baths

Save

$ 2,595,000

Est. payment | -/mo

Save

10 Beds

5 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Humewood-Cedarvale

MLS Listing ID C12165522

Style 3-Storey

Bedrooms 10

Building Age 0-5

Annual Tax Amount $1,071

Tax Year 2024

Property Sub-Type Detached

Property Description

0% loan up to $250,000 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 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. 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.

Location

Province ON

County Toronto

Community Humewood-Cedarvale

Area Toronto

Rooms

Family Room Yes

Basement Finished with Walk-Out

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Accessory Apartment

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Available, Private, Lane

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 25.0

Lot Depth 120.0

Total Parking Spaces 1

Building

Foundation Poured Concrete

Listed by RIGHT AT HOME REALTY

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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Milton Home With Basement Apartment Under 1 Million

48 Lanark AVE Toronto C03, ON M6C 2B4