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80 LANARK AVENUE, Toronto (Oakwood Village) — listed at $1,599,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Great investment opportunity in a prime transit-oriented location along the new Eglington LRT line! Live in one unit and rent out the other two, or enjoy all three levels as a spacious home for the entire family. This well-maintained triplex features 3 separately metered units, parking, and excellent income potential. Conveniently located just steps to Eglinton West Station on the University line, and minutes to Allen Road, Highway 401, and downtown Toronto. Enjoy unbeatable convenience with shopping, restaurants, schools, and everyday amenities all within walking distance - an ideal property for investors, multigenerational families, or savvy homeowners looking to offset their mortgage with rental income. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 2.89 x 3.39 meters |
| Dining room | Second level | 3.47 x 6.72 meters |
| Bedroom | Second level | 3.09 x 4.29 meters |
| Bedroom | Lower level | 2.53 x 4.9 meters |
| Living room | Third level | 3.46 x 6.72 meters |
| Kitchen | Lower level | 2.58 x 2.85 meters |
| Kitchen | Third level | 2.9 x 3.38 meters |
| Bedroom | Third level | 3.06 x 4.31 meters |
| Bedroom 2 | Third level | 2.36 x 4.31 meters |
| Living room | Lower level | 3.27 x 6.5 meters |
| Living room | Second level | 3.47 x 6.72 meters |
| Bedroom 2 | Second level | 2.35 x 4.26 meters |
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Oakwood Village) before counting on it.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 5 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 80 LANARK AVENUE a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,595.33, heating is natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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