50A Lanark Avenue

Toronto, ON M6C 2B4 ( Humewood-Cedarvale)

Quick Facts

Type: Semi-Detached

Style: 3-Storey

Size: Sq Ft

Age: Years

Taxes: $ 10,195 ( 2025)

Updated: 2025-09-04 17:12:33

Description

75% VTB available. Newly constructed, custom 3-unit property with primary home (main house), legal basement suite and rear coach house.The 3-storey primary home has 4-bedrooms, 4-bathrooms (50B Lanark main unit currently rented for $5,150/month). The 3-bedroom Rear coach house was leased for $3,200/month, and the 2-bedroom basement suite, which is accessible by a separate exterior entrance at the rear, was leased for $2,250/month. Approximated annual rent of $127,800 and net operating income of $113,000 (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. Mirror image neighbour property at 50B Lanark Ave also available for those looking for a fully tenanted property. Option to purchase both 50A & 50B Lanark for a 6-unit income property. 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.The property is steps to shops on Eglinton, Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown.

Extras

Semi-Detached

Property

Status: For Sale

MLS #: C12194978

Price: $ 2,065,000

Address: 50A Lanark Avenue

Type:

Style: 3-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 10,195

Tax Year: 2025

Lot Size:

Neighbourhood: Humewood-Cedarvale

Nearest Intersection: Oakwood Ave & Eglinton Ave W

City: Toronto

Postal Code: M6C 2B4

DOM: 3 Days

Last Update: 2025-09-04 17:12:33

Building

Interior

Bedrooms: 9

Bathrooms: 5

Rooms: 0

Kitchens: 3

Family Room:

Fireplace:

Basement: Separate Entrance Apartment,

Central Vacuum:

Exterior

Exterior: Brick Front,

Driveway:

Garage: Lane

Garage Spaces:

Parking Spaces: 1.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

Features

Rooms