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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 995,000

Est. payment | -/mo

5 Beds

3 Baths

2,000 SqFt

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$ 995,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $497

Subdivision Stouffville

MLS® Listing ID N13525434

Bedrooms 5

Property Description

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: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

Cooling None

Flooring Carpeted, Laminate

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://youtube.com/shorts/LMFKT8ZhdZc?si=4Fy7dIh26jVJwZ-p

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

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+1(647) 493-3579

info@tonyledi.com

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6745 MAIN STREET Whitchurch-stouffville (stouffville), ON L4A6B5