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.
Address
50 Lanark Avenue
List Price
$1,999,000
MLS® Status
New
Expiration Date
2026-08-11
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto C03
Sub-Area
Humewood-Cedarvale
Region
Toronto
Bedrooms
7 + 2
Bedrooms (Total)
9
Rooms Above Grade
9
Rooms Below Grade
3
Bathrooms
5
Floor Area
2500-3000 Sq. Ft.
Lot Depth
120
Lot Irregularities
### INCLUDES REAR COACH HOUSE ###
Lot Size Units
Feet
Lot Width
17.5
Occupant Type
Tenant
Cross Street
Oakwood Ave & Eglinton Ave W
MLS® Number
C12871122
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Separate Entrance, Apartment
Postal Code
M6C 2B4
Parking
Lane
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$10,195.26
Tax Year
2025
Interior Features
None, Separate Hydro Meter, In-Law Suite, In-Law Capability
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick Front
UFFI
No
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Other Structures
Aux Residences
Pool Features
None
Roof
Asphalt Shingle, Metal
Tax Legal Description
Part of Lots 98 and 99, Registered Plan 1687, designated as Part 1 on Plan 66R-33019; City of Toronto (Formerly City of York).
Waterfront
No
Sewer
Sewer
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