48 Lanark Avenue, Toronto, ON M6C 2B4, Toronto C03, ON
Bed 10
Bath 5
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.
Property Highlights
For Sale
MLS NO.
C9304236
Type
Residential Freehold
Sub Type
Detached
Bedrooms
10
Bathrooms
5
Parking
1.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Detached
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
C9304236
Living Area Range
3500-5000
Total Bedrooms
10
Bedrooms Above Grade
8
Bedrooms Below Grade
2
Total Bathrooms
5
Total Kitchens
2
Kitchens Above Grade
2
Rooms Above Grade
13
Rooms Below Grade
3
Interior Features
Accessory Apartment
Fireplace
No
Construction
Brick, Stucco (Plaster)
Roof
Asphalt Shingle
Lot Width
25.0
Parking Features
Available, Private, Lane
Parking Total
1.0
Covered Spaces
1.0
Garage Type
Built-In
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
48 Lanark Avenue, Toronto, ON M6C 2B4
City
Toronto C03
Neighbourhood
Humewood-Cedarvale
County / Region
Toronto
Province / State
ON
Postal Code
M6C 2B4
Cross Street
Eglinton Ave. W. & Allen Road
List Price
$2,990,000
Annual Taxes
$10,071
Tax Year
2024
Legal Description
LT 97 PL 1687 TWP OF YORK ; T/W & S/T CA689070; TORONTO (YORK) , CITY OF TORONTO
Possession Details
Flexible
Listing Office
RIGHT AT HOME REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2024-09-06T16:33:29Z
Media Updated
2024-10-13T12:23:15Z
Photos Updated
2024-10-13T12:23:15Z
Last Modified
2024-10-31T15:26:24Z
System Modified
2025-10-11T17:45:30.562703Z
MLS Status
Terminated
Architectural Style
3-Storey
Basement
Finished with Walk-Out
Ddfyn
Yes
Expiration Date
2025-01-06
Foundation Details
Concrete Block
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
No
Link Yn
No
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
104510107
Parking Spaces
1
Public Remarks
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.
