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$1,999,000
Available - For Sale
Listing ID: C12871122
Newly constructed, fully tenanted custom 3-unit property with primary home, legal lower suite and rear coach house. Rare unit mix with 4-bedroom Main House, 3-Bedroom Coach house and 2-bedroom lower suite (no 1-bedroom units) attracts long-term stable tenants. Net operating income of $110k (see financials). The proximity to Cedarvale Park, Leo Baeck Day School and newly opened Eglinton Crosstown drives rental demand. Because of the unique separation between the primary home and lower suite/coach house, buyers can choose to live in the private primary home while earning substantial income from lower suite/coach house. The units are thoughtfully designed to provide privacy/separation to all tenants (most other multiplexes have stacked units). New construction equals very low maintenance costs/upkeep. Option for a VTB of up to $500k with competitive terms. Mirror image neighbour property at 50B Lanark Ave also available for those looking for a fully tenanted 6-unit income property earning $220k in NOI.
Price $1,999,000
Taxes: $10,195.26
Occupancy by: Tenant
Address: 50 Lanark Avenue , Toronto, M6C 2B4, Toronto
Directions/Cross Streets: Oakwood Ave & Eglinton Ave W
Rooms: 9
Rooms +: 3
Bedrooms: 7
Bedrooms +: 2
Washrooms: 5
Family Room: T
Basement: Separate Ent
Apartment
No. of Pieces Level
Washroom 1:  2 Ground
Washroom 2:  3 Second
Washroom 3:  5 Second
Washroom 4:  3 Third
Washroom 5:  3 Flat
Washroom 6:  2 Ground
Washroom 7:  3 Second
Washroom 8:  5 Second
Washroom 9:  3 Third
Washroom 10:  3 Flat
Property Type: Triplex
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: 2500-3000
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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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

50 Lanark Avenue , Toronto, M6C 2B4, Toronto


 
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At a Glance:
Type: Freehold - Triplex
Area: Toronto
Municipality: Toronto C03
Neighbourhood: Humewood-Cedarvale
Style: 3-Storey
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $10,195.26
Maintenance Fee: $0
Beds: 7+2
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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