$2,349,000

7 + 2 Bed, 5 Bath, 2,500 ft², 3-Storey home is located near Oakwood Ave & Eglinton Ave W in Humewood-Cedarvale.

Newly constructed, custom 3-unit property with primary home (main house), legal basement suite and rear coach house. The primary home has 4-bedrooms, 4-bathrooms (50B Lanark main unit rented with multiple offers in May 2024 for $5,000/month). The 3-bedroom Rear coach house is leased for $3,200/month, and the 2-bedroom basement suite, which is accessible by a separate exterior entrance at the rear, is leased for $2,300/month. Approximated annual rent of $127,800 and net operating income of $116,410 (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. 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. Large private Third floor balcony; inverted metal standing seam roof. The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown.

50A Lanark Ave, Toronto is a 7 + 2 bedroom, 5 bathroom residential 3-Storey multiplex home. 50A Lanark Ave, Toronto is conveniently located in the Humewood-Cedarvale neighbourhood of Toronto Ontario. 50A Lanark Ave, Toronto is an MLS®-Listed home with an asking price of $2,349,000. This residential property has been listed on ctfrealty.com for 1 days. Based on the Listing Price of 50A Lanark Ave, Toronto, the estimated monthly mortgage payment would be $11,350. 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 50A Lanark Ave, Toronto are approximately based on 2024 assessment.

This 3-Storey multiplex home located at 50A Lanark Ave, Toronto features a Brick Front exterior. The lot size of this North facing property is 17.5 x 120 feet. The property has 1 parking spaces with 1 car Detached garage. The home has Gas fueled Forced Air heating.