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$1,999,000
Ontario,Toronto (Humewood-Cedarvale)
For Sale Active
50 LANARK AVENUE, Toronto (Humewood-Cedarvale), Ontario M6C2B4
  • 9
  • 5
  • 2500 - 3000Square Feet
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Basic Details
Description

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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: C12871122
  • Price: $1,999,000
  • Bedrooms: 9
  • Bathrooms: 5
  • Half Bathrooms: 1
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 68202
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Separate entrance, N/A, Apartment in basement
  • Parking: Detached Garage, Garage
  • Exterior Features: Brick Facing
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Toronto (Humewood-Cedarvale), M6C2B4
  • Street: Lanark
  • Street Number: 50
  • Street Suffix: Avenue
  • Longitude: W80° 33' 29.4''
  • Latitude: N43° 41' 48.6''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 17.5 x 120 FT ; ### INCLUDES REAR COACH HOUSE ###
  • Stories: 3.0
Financial
  • Tax Annual Amount: 10195.26
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Listing updated: 2026-03-25 19:20:40
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Listing Information
  • List Agent Key: 1947493
  • List Office Key: 68202
  • Modification Timestamp: 2026-03-11T16:40:37Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-03-11T16:32:47Z
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Listing updated: 2026-03-25 19:20:40
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