5 Bedroom
3 Bathroom
2,000 - 2,500 ft2
None
Forced Air
$995,000
Attention Investors & Builders - Rare Value-Add Opportunity! Own a cash-flowing three-unit investment property with solid tenants in place and approved potential to expand into a six-unit residential building. Generate rental income from day one while creating substantial long-term value through future development-all at an attractive entry price. Brand-new roof installed in July 2026. Located on a newly rezoned RN5 lot, the property comes with Town-approved site plans and architectural drawings prepared as part of the rezoning process to support the approved six-unit concept. Years of planning, rezoning, and approvals have already been completed, allowing the next owner to move directly toward the building permit stage while retaining the flexibility to refine the design if desired. Multiple investment strategies are available: build the approved expansion and create a high-performing six-unit investment property, continue generating rental income while developing in phases, or modernize the existing units to further increase rental revenue and overall property value. Additional opportunity: the adjacent property may also become available for purchase, creating the potential to assemble nearly 0.5 acre in the heart of Stouffville-a rare opportunity for larger future development.Ideal for investors seeking both immediate cash flow and long-term upside. Guidance with project financing and commercial mortgage options may be available to qualified buyers.Strong rental demand, approved development potential, immediate income, and significant long-term value-all in one property. (id:50976)
Property Details
|
MLS® Number
|
N13525434 |
|
Property Type
|
Multi-family |
|
Community Name
|
Stouffville |
|
Parking Space Total
|
3 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Age
|
100+ Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
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
|
Triplex |
|
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/29992212/6745-main-street-whitchurch-stouffville-stouffville-stouffville
