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.
Details
C12871122
Detached/1
$1,999,000
Tenant
None
2 + 2
3-Storey
7 + 2
5
2500-3000 Sqft
N/A N/A
N/A
Triplex
Sale
Additional details
Forced Air / Gas
$10195.26
2025
Part of Lots 98 and 99, Registered Plan 1687, designated as Part 1 on Plan 66R-33019; City of Toronto (Formerly City of York).
N/A
N
Separate Entrance,Apartment
Central Air
Municipal
Schools Nearby
Mortgage Calculator
Total Amount
Down Payment
Loan Term
Interest Rate
Down Payment
Loan Amount
Monthly Mortgage Payment
Land Transfer Tax
CMHC
FAQ
What is the total square footage of the C12871122 - 50 Lanark Avenue, Toronto C03, ON M6C 2B4?
The total square footage of this property is 2500-3000 SqFt.
What schools near to C12871122 - 50 Lanark Avenue, Toronto C03, ON M6C 2B4?