6745 MAIN STREET, Whitchurch-Stouffville (Stouffville), Ontario, L4A6B5

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. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 5 (5 above)
• Bathrooms: 3
• Ownership: Freehold
• Attached: No
• Parking: 3 spaces (No Garage)
• Frontage: 94 ft (28.8 m)

Costs

• Annual Taxes: $5,226.00

Listing Provided by: SUTTON GROUP-ADMIRAL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.