$2,749,000

8 + 2 Bed, 5 Bath, 3,500 ft², 3-Storey home is located near Eglinton Ave. W. & Allen Road in Humewood-Cedarvale.

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.

48 Lanark Ave, Toronto is a 8 + 2 bedroom, 5 bathroom residential 3-Storey detached home. 48 Lanark Ave, Toronto is conveniently located in the Humewood-Cedarvale neighbourhood of Toronto Ontario. 48 Lanark Ave, Toronto is an MLS®-Listed home with an asking price of $2,749,000. This residential property has been listed on ctfrealty.com for 1 days. The home is 0-5 years old. Based on the Listing Price of 48 Lanark Ave, Toronto, the estimated monthly mortgage payment would be $13,283. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 48 Lanark Ave, Toronto are approximately $10,071/year based on 2024 assessment.

This 3-Storey detached home located at 48 Lanark Ave, Toronto features a Brick & Stucco/Plaster exterior. The lot size of this North facing property is 25 x 120 feet. The property has 1 parking spaces with 1 car Built-In garage. The home has Gas fueled Forced Air heating.