48 Lanark Ave
Toronto C03 | Humewood-Cedarvale | M6C 2B4- 8 + 2
- 5
- 0
Ask: $3,149,000 $2,990,000
-
Days on market
25
-
Status
Pc
Home details
- MLS #:
C9304236
- Property type:
- Detached
- Style:
- 3-Storey
- Taxes:
- $10,071
- Possession:
- Flexible
- Lot Front:
- 25.0 Feet
- Lot Depth:
- 120.0 Feet
- Basement:
- Fin W/O |
- Driveway Pkg:
- 1
- Heat:
- Gas | Forced Air
Description
48 Lanark Ave, , Toronto, Ontario is a Detached property in Toronto C03 and in the Humewood-Cedarvale community in the M6C 2B4 postal code
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..
Extras
Window coverings.
History
Sign in for full accessList Date | End Date | List Price | End Price | Status | MLS # |
2020-08 | 2020-09 | $899,900 | $800,000 | Sld | C4890513 |
2023-03 | 2023-06 | $3,750 | $3,750 | Exp | C5970389 |
2023-04 | 2023-06 | $5,990 | $6,000 | Lsd | C6033827 |
2023-06 | 2023-08 | $3,700 | $3,920 | Lsd | C6172876 |
2024-09 | 2024-09 | $3,149,000 | $2,990,000 | Pc | C9304236 |
Statistics: TRREB Market Watch - JUNE 2023
Municipality activity Detached
Sale activity
Toronto C03 :
37
$2,479,686
63
0.82%
Municipality activity All Property Types
Sale activity
Toronto C03 :
$1,908,170
68
120
14
102%
-1.04%
Sale Chart - Detached
Toronto C03 Average Price (2 Years):
Sale Chart - Detached
TRREB Total Average Price (2 Years):
Estimated running costs for 48 Lanark Ave
Based on available 3rd party data
Approximate costs per month
- Mortgage
- $10138 p/m
- Energy
- from $75 p/m
- Water
- from $40 p/m
- Home insurance
- from $20 p/m
- Taxes
- $839 p/m
- Maintenance
- $0 p/m
Amenities:
Features:
Payment calculator
-
Principal and Interest
10138 /mo
-
Property Taxes
$839 /mo
-
Yearly Condo Fees
$0
* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.