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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$1,799,000
Available - For Sale
Listing ID: C12194978
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.
Price $1,799,000
Taxes: $10,195.26
Occupancy by: Vacant
Address: 50A Lanark Aven , Toronto, M6C 2B4, Toronto
Directions/Cross Streets: Oakwood Ave & Eglinton Ave W
Rooms: 9
Rooms +: 3
Bedrooms: 7
Bedrooms +: 2
Washrooms: 5
Family Room: T
Basement: Separate Ent
Apartment
No. of Pieces Level
Washroom 1:  2 Ground
Washroom 2:  3 Second
Washroom 3:  5 Second
Washroom 4:  3 Third
Washroom 5:  3 Flat
Property Type: Semi-Detached
Style: 3-Storey
Exterior: Brick Front
Garage Type: Detached
(Parking/)Drive: Lane
Drive Parking Spaces: 1
Park #1
Parking Type: Lane
Park #2
Parking Type: Lane
Pool: None
Other Structures: Aux Residences
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY

50A Lanark Aven , Toronto, M6C 2B4, Toronto

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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At a Glance:
Type: Freehold - Semi-Detached
Area: Toronto
Municipality: Toronto C03
Neighbourhood: Humewood-Cedarvale
Style: 3-Storey
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $10,195.26
Maintenance Fee: $0
Beds: 7+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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