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

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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

$ 2,065,000

Est. payment | -/mo

9 Beds

5 Baths

Save

$ 2,065,000

Est. payment | -/mo

Save

9 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Humewood-Cedarvale

MLS Listing ID C12229680

Style 3-Storey

Bedrooms 9

Annual Tax Amount $10,195

Tax Year 2025

Property Sub-Type Triplex

Property Description

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 $2,300/month. Approximated annual rent of$248,340 and net operating income of $219,377 for both properties. 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. 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

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

Others

Senior Community Yes

Listed by RIGHT AT HOME REALTY

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

50 Lanark AVE Toronto C03, ON M6C 2B4