<-- style PDP --> 48 Lanark Avenue, Toronto - Detached for sale for $2,574,000
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48 Lanark Avenue

Toronto, Ontario, M6C 2B4 - Humewood-Cedarvale

$2,574,000

  • Neighbourhood

    Humewood-Cedarvale

  • Major Intersection

    Eglinton Ave. W. & Allen Road

  • Listed Since: 1 day(s)

  • Last update: today

Overview

  • Property Type

    Detached, 3-Storey

  • Bedrooms

    8 + 2

  • Bathrooms

    5

  • Basement

    Fin W/O

  • Kitchen

    2

  • Total Parking

    1 Detached Garage

  • Lot Size

    25x120 (Feet)

  • Taxes

    $10,071.27 (2025)

  • Type

    Freehold

Property Description

Property description for 48 Lanark Avenue, Toronto

0% loan up to $500,000 available. New 5-Bedroom custom home with a large 3-bedroom/2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $45,000 per year. The coach house is currently leased for $3,745/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 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. Construction completed in June 2023 so it is not subject to Ontario rent increase limits. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites. 0% loan up to $500,000 available. Truly a property worth viewing given the unique coach house element in addition to the custom primary home.

Listed by RIGHT AT HOME REALTY

  • MLS #

    C12414788

  • Sq. Ft

    3000-3500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    0-5

  • Pool

    None

  • Drive

    Available, Private, Lane

  • Garage

    Detached, 1 spaces

  • Total Parking

    1

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Upper

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    C12414788

  • Sq. Ft

    3000-3500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    0-5

  • Pool

    None

  • Drive

    Available, Private, Lane

  • Garage

    Detached, 1 spaces

  • Total Parking

    1

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Upper

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 48 Lanark Avenue, Toronto

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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