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). 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. 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. (40716951)
Property Type

Multi-family


Building Type

Triplex


Storeys

3


Square Footage

2500 - 3000 sqft


Community Name

Humewood-Cedarvale


Land Size

17.5 x 120 FT ### INCLUDES REAR COACH HOUSE ###


Annual Property Taxes

$10,195.26(CAD)


Parking Type

Detached Garage, Garage



Building
Bedrooms
Above Grade
7
Below Grade
2
Bathrooms
Total
5
Partial
1
Interior Features
Basement Features
Apartment in basement, Separate entrance
Basement Type
N/A
Building Features
Features
Lane, In-Law Suite
Foundation Type
Poured Concrete
Building Amenities
Separate Electricity Meters
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick Facing
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
1