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$1,999,000
50 Lanark Ave
Toronto C03, ON M6C 2B4
50 Lanark Ave, Toronto C03 — Sold for $1,999,000. 9 bedroom, 5 bathroom 3-Storey Triplex. MLS® C12871122.
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.
Property Details
Listing Courtesy of: RIGHT AT HOME REALTY
MLS® #C12871122
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HouseIndex Take: 50 Lanark Avenue
This triplex (3-Storey) is located in the Humewood-Cedarvale neighbourhood of Toronto.
The home offers 9+2 bedrooms, 5 bathrooms.
Features include a separate entrance, apartment basement, 1 parking space including a 1-car garage.
Additional details: lot dimensions of 17.5 × 120 feet.
This property has been sold. Annual property taxes were $10,195.26 (2025). Sign in to view the sold price.
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About Toronto Real Estate
This Triplex in the Humewood-Cedarvale community in Toronto has been sold. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Reviewing sold prices in the area helps buyers and sellers understand current market values.