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House for sale: 50A LANARK AVENUE, Toronto
50a Lanark Avenue
$1,799,000
Toronto , Ontario M6C2B4
9 bed
5 bath
About the Property

Oakwood Ave & Eglinton Ave W 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. (id:27476)

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Property Details
MLS® Number
C12194978
Type
Single Family
Community Name
Humewood-Cedarvale
Ownership Type
Freehold
Land Size
17.5 x 120 FT ; ### INCLUDES REAR COACH HOUSE ###
Parking Space Total
1
Building
Building Type
House
Storeys
3
Square Footage
1500 - 2000 sqft
Bathrooms Total
5
Bedrooms Above Ground
7
Bedrooms Total
9
Amenities
Separate Electricity Meters
Exterior Finish
Brick Facing
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement, Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: RIGHT AT HOME REALTY

$1,799,000 - 50A LANARK AVENUE, Toronto Ontario M6C 2B4, Canada | Real Estate For Sale | HomeAds.ca

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Updated June 16th 2025 2:04 pm

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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