Key Facts
- MLS® #: N12824322
- Property ID: SIRC3133437
- Property Type: Residential, Single Family Detached
- Lot Size: 7,424.87 sq.ft.
- Year Built: 100
- Bedrooms: 5
- Bathrooms: 3
- Parking Spaces: 3
- Listed By:
- SUTTON GROUP-ADMIRAL REALTY INC.
Property Description
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. Additional opportunity: the adjacent property may also be available for purchase, creating the potential to assemble nearly 0.5 acre of land in the heart of Stouffville - a rare prospect for larger future development. 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.
Rooms
- TypeLevelDimensionsFlooring
- Living roomGround floor16' 9.5" x 15' 5"Other
- KitchenGround floor11' 3" x 15' 5"Other
- BedroomGround floor13' 8.5" x 10' 8.3"Other
- BedroomGround floor8' 2.4" x 14' 8.9"Other
- BedroomGround floor11' 11.3" x 10' 8.6"Other
- Living room2nd floor12' 4.8" x 17' 10.9"Other
- Kitchen2nd floor10' 8.3" x 17' 10.9"Other
- Bedroom2nd floor7' 10" x 10' 5.5"Other
- Living room2nd floor12' 4.8" x 15' 5.4"Other
- Kitchen2nd floor10' 2" x 15' 8.5"Other
- Bedroom2nd floor7' 6.5" x 12' 8.3"Other
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Location
6745 Main St, Whitchurch-Stouffville, Ontario, L4A 6B5 Canada
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- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0

