5 Bedroom
3 Bathroom
2,000 - 2,500 ft2
None
Forced Air
$1,095,000
FULLY LEGAL TRIPLEX ( POTENTIAL SIX-PLEX ). Attention Investors & Builders - Rare Value-Add Opportunity! Own a fully legal triplex with immediate rental income and approved plans to expand to a six-plex - all at an attractive entry price. This property features three existing legal units with solid tenants in place, providing stable cash flow from day one.Located on a newly rezoned RN5 lot, the property comes with approved site plans and architectural drawings to construct an additional triplex, bringing the total to six income-generating apartments. Key planning work is already completed, allowing the next owner to move forward with building permits and unlock the site's full income potential.Multiple strategies available: build the approved addition and create a high-performing six-plex, maintain existing tenants while developing for phased growth, or modernize the current units to further increase rental revenue and overall property value.Ideal for investors seeking scalability - secure today's income while planning tomorrow's expansion. Guidance with project financing and commercial mortgage options may be available to qualified buyers.Strong rental demand, development upside, and long-term growth potential all in one property. A rare opportunity to control both immediate cash flow and future value. (id:50976)
Property Details
|
MLS® Number
|
N12824322 |
|
Property Type
|
Single Family |
|
Community Name
|
Stouffville |
|
Parking Space Total
|
3 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Age
|
100+ Years |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Flooring Type
|
Carpeted, Laminate |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,000 - 2,500 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
78 Ft ,7 In |
|
Size Frontage
|
94 Ft ,4 In |
|
Size Irregular
|
94.4 X 78.6 Ft |
|
Size Total Text
|
94.4 X 78.6 Ft |
|
Zoning Description
|
Rn5(4) |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom 5 |
3.87 m |
2.3 m |
3.87 m x 2.3 m |
|
Second Level |
Living Room |
5.46 m |
3.78 m |
5.46 m x 3.78 m |
|
Second Level |
Kitchen |
5.46 m |
3.26 m |
5.46 m x 3.26 m |
|
Second Level |
Bedroom 4 |
3.19 m |
2.39 m |
3.19 m x 2.39 m |
|
Second Level |
Living Room |
4.71 m |
3.78 m |
4.71 m x 3.78 m |
|
Second Level |
Kitchen |
4.79 m |
3.1 m |
4.79 m x 3.1 m |
|
Ground Level |
Living Room |
4.7 m |
5.12 m |
4.7 m x 5.12 m |
|
Ground Level |
Kitchen |
4.7 m |
3.43 m |
4.7 m x 3.43 m |
|
Ground Level |
Bedroom |
3.26 m |
4.18 m |
3.26 m x 4.18 m |
|
Ground Level |
Bedroom 2 |
4.29 m |
2.5 m |
4.29 m x 2.5 m |
|
Ground Level |
Bedroom 3 |
3.07 m |
3.64 m |
3.07 m x 3.64 m |
Utilities
https://www.realtor.ca/real-estate/29404134/6745-main-street-whitchurch-stouffville-stouffville-stouffville
