Homes for sale - 50A Lanark AVE, Toronto C03, ON M6C 2B4

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Fawad Nissari

eXp Realty

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

$ 1,799,000

Est. payment | -/mo

9 Beds

5 Baths

Save

$ 1,799,000

Est. payment | -/mo

Save

9 Beds

5 Baths

Key Details

Property Type Single Family Home

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Humewood-Cedarvale

MLS Listing ID C12194978

Style 3-Storey

Bedrooms 9

Annual Tax Amount $10,195

Tax Year 2025

Property Sub-Type Semi-Detached

Property Description

VTB up to $250,000 at 0%. 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 $2,300/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.

Location

Province ON

County Toronto

Community Humewood-Cedarvale

Area Toronto

Rooms

Family Room Yes

Basement Separate Entrance, Apartment

Kitchen 3

Separate Den/Office 2

Interior

Interior Features None, Separate Hydro Meter, In-Law Suite, In-Law Capability

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Lane

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle,Metal

Lot Frontage 17.5

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

50A Lanark AVE Toronto C03, ON M6C 2B4