Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

50 Lanark Avenue, Toronto C03, ON M6C 2B4 (Oakwood Ave & Eglinton Ave W)
$ 1999000 - MLS : C12871122

From Our Gallery

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.

Location Description

Oakwood Ave & Eglinton Ave W

Property Detail

Community: Humewood-Cedarvale
Property Type: Tenant/Residential Freehold
Bedrooms: 9
Bath: 5
Garages: Detached
Annual Property Taxes : $ 10195.26

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Poured Concrete
Counstruction Material : Brick Front
Total Parking Space : 1
Parking Type : Detached

Amenities

Heating : Forced AirGas
Sewer : Sewer ,

Listing Contracted With: RIGHT AT HOME REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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