$3.1 mln - 8 Bedroom - House in Toronto,ON - 48 Lanark Ave | HomeSmile
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listed 10 days ago
$3,149,000
48 Lanark Ave
8 +2
bedrooms
5
bathrooms
1
parking spaces

Description

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.
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Sold history


General Info

8+2 bedroom detached house in Toronto
48 Lanark Ave, MLS: C9304236

Style | Type
3-storey | detached
Approx. Age
0-5
Lot Width
25.0 ft
Lot Length
120.0 ft
Total Approx. Floor Area
3500-5000 sqft

Rooms

Bedrooms
8+2
Total Rooms
13+3
Bathrooms
5
Basement
fin w/o

Parking

Garage
built-in
Garage spaces
1
Total spaces
1
Driveway
available

Financial info

Taxes
$10,071 / 2024

Additional info

Fireplace/Stove
none
Heating
forced air
Cooling
central air
Extras
window coverings

Other

Possession Details
flexible
Exterior Finish
brick+stucco/plaster
Lot Irregularities
includes coach house / laneway suite
Laundry Level
upper
Listing Brokerage
right at home realty
Listing Sub-Area
humewood-cedarvale

Listing Information

Listed Price
$3,149,000
Listed date
6 sept 2024
Days On The Market
10
HomeSmile AI estimate
FOR SALE
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