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88 LANARK AVENUE, Toronto (Oakwood Village) — listed at $1,042,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 88 Lanark Ave and this recently renovated 2-bedroom 2-bathroom detached in Oakwood Village and steps from to the Oakwood LRT. This updated and charming home features a renovated kitchen with quartz counter tops and stainless steel appliances. Updated washroom with new tiles, vanity, and fixtures. Update flooring in the living, dining, and bedrooms. Updated electrical outlets, switches, and light fixtures throughout. A separate side entrance with basement apartment offers great rental income opportunities. Shared driveway with private garage and yard. This home is perfect for investors, first time buyers, and buyers looking to downsize. Conveniently located just steps from a number of local amenities including shops, grocery stores, schools, parks, restaurants, places of worship, and other vibrant neighborhoods. This home is currently Tenanted. The Buyer must assume the Tenants until the end of their term, February 28, 2027. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 2.8 x 4.46 meters |
| Dining room | Main level | 2 x 3.7 meters |
| Kitchen | Main level | 2.35 x 7 meters |
| Primary Bedroom | Second level | 3.96 x 3.52 meters |
| Bedroom 2 | Second level | 3.05 x 3.55 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,741.98, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 2 spaces — Detached Garage, Garage.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, Walk-up, N/A, 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?+
Yes — wall unit cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
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