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.
Address
50A Lanark Avenue
List Price
$1,799,000
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
3-Storey
Area
Toronto C03
Sub-Area
Humewood-Cedarvale
County
Toronto
Bedrooms
7 + 2
Bathrooms
5
Floor Area
1500 - 2000 Sq. Ft.
Lot Depth
120
Lot Irregularities
### INCLUDES REAR COACH HOUSE ###
Lot Size Units
Feet
Lot Width
17.5
MLS® Number
C12194978
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Separate Entrance, Apartment
Postal Code
M6C 2B4
Parking
Lane
Parking Places (Total)
1
Tax Amount
$10,195.26
Tax Year
2025
Interior Features
None, Separate Hydro Meter, In-Law Suite, In-Law Capability
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick Front
Direction Faces
North
Foundation Details
Poured Concrete
Garage Type
Detached
Kitchens Total
3
Other Structures
Aux Residences
Pool Features
None
Roof
Asphalt Shingle, Metal
Sewer
Sewer