50a Lanark Ave
Humewood-Cedarvale, Toronto
$2,349,000
Buy with Dwelly and Save $23,490
Home Details
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Listing Description
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.
3 Hydro meters, 2 gas meters. Custom window coverings and closet built-in in all bedrooms.
City: Toronto
Neighborhood: Humewood-Cedarvale
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Apr 4, 2024 | 43 | $4,950 | N/A | Terminated | C8202972 |
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 50a Lanark Ave is 11580
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $2349000 |
| Down Payment | $469800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1879200 |
Monthly Payment
| Mortgage Payment | $11580 |
| Property Taxes | $0 |
| Maintenance Fees | $0 |
| Monthly Payment | $11580 |
About 50a Lanark Ave, Toronto
Located at 50a Lanark Ave , this Toronto house is available for sale. This property was listed for $2,349,000 on Wed Nov 27 2024. This house's size is 2500-3000 Sqft. It has 7 bedrooms and 5 bathrooms. The property includes the following rooms: . This property comes with 1 parking spots. 50a Lanark Ave, Toronto is situated in the Humewood-Cedarvale neighbourhood.
MLS#: C10929883 · $2,349,000 · 7 bedroom house in Humewood-Cedarvale, Toronto