Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$1,799,000
Available - For Sale
Listing ID: C12194978
50A Lanark Aven , Toronto, M6C 2B4, Toronto
| VTB up to $250,000 at 0%. 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 $2,300/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. |
| Price | $1,799,000 |
| Taxes: | $10195.26 |
| Occupancy: | Vacant |
| Address: | 50A Lanark Aven , Toronto, M6C 2B4, Toronto |
| Directions/Cross Streets: | Oakwood Ave & Eglinton Ave W |
| Rooms: | 9 |
| Rooms +: | 3 |
| Bedrooms: | 7 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Separate Ent, Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Ground |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 5 | Second |
| Washroom Type 4 | 3 | Third |
| Washroom Type 5 | 3 | Flat |
| Washroom Type 6 | 2 | Ground |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 5 | Second |
| Washroom Type 9 | 3 | Third |
| Washroom Type 10 | 3 | Flat |
| Total Area: | 0.00 |
| Property Type: | Semi-Detached |
| Style: | 3-Storey |
| Exterior: | Brick Front |
| Garage Type: | Detached |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 1 |
| Park #1 | |
| Parking Type: | Lane |
| Park #2 | |
| Parking Type: | Lane |
| Pool: | None |
| Other Structures: | Aux Residences |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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|
Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Semi-Detached |
| Area: | Toronto |
| Municipality: | Toronto C03 |
| Neighbourhood: | Humewood-Cedarvale |
| Style: | 3-Storey |
| Tax: | $10,195.26 |
| Beds: | 7+2 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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