Home with brick exterior material, street for 48 Lanark Ave, Toronto Ontario M6C 2B4
42 days on Market

48 Lanark Ave, Toronto, Ontario M6C 2B4

Detached
8 + 2
5
~3000-3500 sqft
$•••,•••
$2,595,000
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$25,950Cashback
Detached
8 + 2
5
~3000-3500 sqft

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Highlights

Property Estimate

Days on market42 days

Estimated valueNot available

Price/Sqft$803/sqft

Monthly cost

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+12

Properties sold*

$1.6M

Median sold price*

*Based on last 30 days

Description

0% loan up to $250,000 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 coachhouse kitchen is located on the second floor with an additional kitchen rough-in on the main floor. 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.


Property Details

Style3-Storey
View-
Age of property0-5
SqFt~3000-3500 SqFt
Lot Size3,000 SqFt(120 x 25)
Parking Spaces1
MLS ®NumberC12165522
Community NameCedarvale
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Fin W/O

Features

Lot size: 3,000 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 0

Total parking spaces 1


Market Data - Cedarvale

Geo Zone Map ThumbnailCedarvale

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

8 days

2023

5 days

2022

10 days

New Listings

Past 30 days

19 listings

Compared to

2024

15 listings

2023

22 listings

2022

18 listings

Units sold

Past 30 days

8 units

Compared to

2024

12 units

2023

10 units

2022

10 units

Median Sold Price

Past 30 days

$1,642,500

Compared to

2024

$1,599,000

2023

$1,500,000

2022

$1,615,000


Population and Demographics

Overview

Total population 23083
Average household income $179,046

Age (%)

0 to 19
20%
20 to 34
21%
35 to 49
23%
50 to 64
19%
65 and plus
17%

Household composition (%)

Single family
57%
Single person
36%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
72%
Spanish
5%
Tagalog (Pilipino, Filipino)
5%
Portuguese
4%
Italian
3%
Others
3%
French
2%
Greek
1%

House tenancy (%)

Renters
54%
Owners
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget