Toronto C03 M6C 2B4
Canada

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 10 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:C2,574,000
($1,837,939)
(€1,591,744)
Annual Taxes:C10,071.27
505 Park Ave, New York, NY 10022

0 loan up to 500, 000 available.

Description

0% loan up to $500,000 available. New 5-Bedroom custom home with a large 3-bedroom/2-bathroom rear coach house (laneway suite) that will supplement your income by approximately $45,000 per year. The coach house is currently leased for $3,745/month. Live in a luxury custom finished home while receiving this considerable rental income care-free. The Coach house is also ideal as an 'in-law suite' for multi-generational households, and is uniquely separated into two living spaces (one on each level) by keyed doors. The primary home has a rare 5 bedrooms and 5 bathrooms, and is perfect for a large family or those looking for 4 bedrooms plus an office. Powder 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 oversized master bedroom ensuite with Free-Standing Tub, Double Vanity and an oversized glass shower. Third floor covered balcony with Private backyard, large deck and rear basement walkout. The primary home may also be retrofitted for a future basement apartment as it is separated from the main floor and is equipped with a separate exterior entrance, 2 bedrooms and a laundry/kitchen rough-in. This would allow a future owner to receive additional rental income from a large 2 bedroom basement apartment in addition to substantial rental income from the detached coach house. This home is located steps to Cedarvale Park, Leo Baeck Day School and Eglinton Station/Crosstown. Construction completed in June 2023 so it is not subject to Ontario rent increase limits. Speak to your mortgage broker for information on qualifying for a mortgage using supplemental rental income from secondary suites. 0% loan up to $500,000 available. Truly a property worth viewing given the unique coach house element in addition to the custom primary home.

Amenities

  • Accessory Apartment

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.