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Whitchurch-stouffville (stouffville),ON L4A6B5
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,999 sqft
Price per Sqft $647
Subdivision Stouffville
MLS Listing ID N12061974
Bedrooms 5
Originating Board Toronto Regional Real Estate Board
Property Description
Attention Investors & Builders A Rare & Lucrative Opportunity! Step into history while securing your financial future with this one-of-a-kind investment gem! This stunning Georgian-style legal triplex is home to AAA tenants, ensuring immediate rental income. Originally a 19th-century hotel, this historical treasure sits on a newly rezoned RN5 lot with approved site plans & architectural drawings to build an additional triplex totaling six income-generating apartments! Multiple Investment Strategies for Maximum Returns: Expand with Ease: With site-specific provisions in place, all that's needed is the building permit to break ground on the new triplex. Renovate & Reimagine: The existing structure is incredibly strong, offering the opportunity to modernize or even add a fourth unit. Phased Development Option: Maintain cash flow with current tenants while constructing the new addition, then renovate the existing building for even greater rental potential! Prime Location. High Rental Demand. Endless Potential. Seize this rare chance to own a piece of history while maximizing your investment potential. Properties like this don't hit the market often! Act now! (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.87 m X 2.3 m Bedroom 5
Extra Room 2 Second level 5.46 m X 3.78 m Living room
Extra Room 3 Second level 5.46 m X 3.26 m Kitchen
Extra Room 4 Second level 3.19 m X 2.39 m Bedroom 4
Extra Room 5 Second level 4.71 m X 3.78 m Living room
Extra Room 6 Second level 4.79 m X 3.1 m Kitchen
Interior
Heating Forced air
Flooring Carpeted,Laminate
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Sanitary sewer