50A Lanark Avenue, Toronto, ON M6C 2B4, Toronto C03, ON
Bed 9
Bath 5
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.
Property Highlights
For Sale
MLS NO.
C10929883
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
9
Bathrooms
5
Parking
1.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
C10929883
Living Area Range
2500-3000
Total Bedrooms
9
Bedrooms Above Grade
7
Bedrooms Below Grade
2
Total Bathrooms
5
Total Kitchens
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Rooms Above Grade
9
Rooms Below Grade
3
Interior Features
None, Separate Hydro Meter, In-Law Suite, In-Law Capability
Fireplace
No
Central Vacuum Yn
No
Construction
Brick Front
Roof
Asphalt Shingle, Metal
Lot Width
17.5
Parking Features
Lane
Parking Total
1.0
Covered Spaces
1.0
Garage Type
Detached
Pool
None
Direction Facing
North
Cooling
Central Air
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
50A Lanark Avenue, Toronto, ON M6C 2B4
City
Toronto C03
Neighbourhood
Humewood-Cedarvale
County / Region
Toronto
Province / State
ON
Postal Code
M6C 2B4
Cross Street
Oakwood Ave & Eglinton Ave W
List Price
$2,349,000
Annual Taxes
$0
Tax Year
2024
Legal Description
Part of Lots 98 and 99, Registered Plan 1687, designated as Part 1 on Plan 66R-33019; City of Toronto (Formerly City of York).
Possession Details
TBC
Listing Office
RIGHT AT HOME REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2024-11-26T15:32:25Z
Media Updated
2025-01-10T02:48:36Z
Photos Updated
2025-01-10T02:48:36Z
Last Modified
2025-01-17T00:32:38Z
System Modified
2025-10-11T19:38:02.512713Z
MLS Status
Terminated
Architectural Style
3-Storey
Basement
Separate Entrance, Apartment
Ddfyn
Yes
Expiration Date
2025-03-26
Foundation Details
Poured Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
No
Occupant Type
Partial
Originating System Id
A00001796
Parking Spaces
1
Public Remarks
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.
