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$ 1,799,000
Est. payment | /mo
9 Beds
5 Baths
$ 1,799,000
Est. payment | /mo
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