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$925,000
Available - For Sale
Listing ID: N13723502
Attention Investors & Builders - Rare Value-Add Opportunity! Priced to sell! Own a cash-flowing three-unit investment property with solid tenants in place and approved potential to expand into a six-unit residential property. Positive cash flow from day one, while offering substantial long-term upside through approved future development - now at an exceptional price. Brand-new roof installed in July 2026. Located on a newly rezoned RN5 lot (multi-family housing, apartment building), the property includes Town-approved site plans and architectural drawings prepared through the rezoning process for the approved six-unit concept. Years of planning, rezoning and approvals have already been completed, allowing the next owner to move toward the building permit stage while retaining flexibility to refine the design if desired. Multiple investment strategies are available: complete the approved three-unit addition and create a six-unit investment property; take a more gradual approach by phasing the development over time while continuing to generate rental income from the existing triplex; or modernize the existing units over time 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 immediate positive cash flow and long-term upside. Guidance with construction financing and mortgage options may be available to qualified buyers. Strong rental demand, approved development potential, positive cash flow from day one, and significant long-term value - all in one property.
Price $925,000
Taxes: $5,226
Tax Type: Annual
Occupancy by: Tenant
Address: 6745 Main Street , Whitchurch-Stouffville, L4A 6B5, York
Postal Code: L4A 6B5
Province/State: York
Legal Description: PT LT 35 CON 9 MARKHAM (AKA PT LT 25, PL
Directions/Cross Streets: Main St/10th Line
No. of Pieces Level
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Washroom 35 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 2,286
Total Area Code:  Square Feet
Area Influences: Public Transit  
Financial Statement: T
Maintenance: 0
Water Expense: $140
Expenses Actual/Estimated: $Act
Outside Storage: T
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
Sewers: Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

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SUTTON GROUP-ADMIRAL REALTY INC.

6745 Main Street , Whitchurch-Stouffville, L4A 6B5, York

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Maria Tompson
Sales Representative
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416-548-7854
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Fax:
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At a Glance:
Type: Com - Investment
Area: York
Municipality: Whitchurch-Stouffville
Neighbourhood: Stouffville
Style:
Lot Size: x 78.62(Feet)
Approximate Age:
Tax: $5,226
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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