$2,990,000
10 Bed
5 Bath

48 LANARK AVENUE, Toronto (Humewood-Cedarvale), Ontario M6C2B4

  • Residential Property Type
  • Garage Cars Garage
Property Description

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 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. **** EXTRAS **** Window coverings (id:59364)

Listing Stats
Residential
for Sale
C9304236
$2,990,000
10
5
1
Active
$0
Features
: Forced air, Natural gas
: Central air conditioning
: Finished, N/A, Walk out
: Garage
: Brick, Stucco
: Sanitary sewer
Appliances
: Window Coverings
Location
Canada
ON
Toronto (Humewood-Cedarvale)
M6C2B4
Lanark
48
Avenue
W80° 33' 30.5''
N43° 41' 48.7''
MLS Details
Active
$0
Additional Information
25 x 120 FT ; Includes Coach House / Laneway Suite
: Municipal water
3.0
: Lane
: Block
Financial
$10,071
Listing Information
2024-10-13T12:45:06Z
Toronto Regional Real Estate Board
2024-10-13T12:36:26Z
Address Map
Eglinton Ave. W. & Allen Road
Basic Details
Single Family
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