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48 Lanark Avenue in Toronto for sale

Asking price
$2,990,000
Estimate (Sep 06)
$2,829,603
MLS #:
C9304236
Type:
Detached, 3-Storey
Approx. SQFT:
3500-5000
Basement:
Fin W/O
8+2 8+2
1 25.00 x 120.00 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Lsd Jun 06, 2023 $6,000
0000-00-00 $00000 Sld Sep 04, 2020 $800,000

Listed by Right At Home Realty.

48 Lanark Avenue is a Detached, 3-Storey and is currently for Sale @ $2,990,000. Taxes in 2024 were $10,071.27.

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New 5-Bedroom custom home with a large 3-bedroom / 2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $50,000 per year. The 3-Storey on 48 Lanark Avenue has 8 bedrooms, 5 bathrooms, and is located on a 120.00 x 25.00 ft lot in the community of Humewood-Cedarvale . The coach house was rented for the past year at $3,920/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. Home and Coach house were completed in June 2023 and were tenanted until August 2024. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.

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The address 48 Lanark Avenue was listed for sale (MLS# C9304236) on Friday, September 06, 2024.

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  • Date Listed: Friday, September 06, 2024
  • Listing Brokerage: Right At Home Realty - Disclaimer: The information contained in this listing has not been verified by Right At Home Realty and should be verified by the buyer.
  • City: Toronto

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  • Neighbourhood: Humewood-Cedarvale
  • Major Intersection: Eglinton Ave. W. & Allen Road
  • Full Address: 48 Lanark Avenue, Toronto, M6C 2B4, ON, Canada
  • Amenities:
  • Taxes: $10,071.27 (2024)

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