0% loan up to $250,000 available. New 5-Bedroom custom home with a large 3-bedroom/2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $45,000 per year. The coach house is currently leased for $3,745/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. Construction completed in June 2023 so it is not subject to Ontario rent increase limits. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites.
Address
48 Lanark Avenue
List Price
$2,595,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
3-Storey
Area
Toronto C03
Sub-Area
Humewood-Cedarvale
County
Toronto
Bedrooms
8 + 2
Bathrooms
5
Floor Area
3000 - 3500 Sq. Ft.
Lot Depth
120
Lot Irregularities
Includes Coach House / Laneway Suite
Lot Size Units
Feet
Lot Width
25
Approx. Age
0 - 5 Years
MLS® Number
C12165522
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Finished with Walk-Out
Postal Code
M6C 2B4
Parking
Available, Private, Lane
Parking Places (Total)
1
Tax Amount
$1,071.27
Tax Year
2024
Interior Features
Accessory Apartment
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Stucco (Plaster)
Direction Faces
North
Foundation Details
Poured Concrete
Garage Type
Detached
Kitchens Total
2
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer