$1,095,000Asking Price
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.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.
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.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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | 15.42' x 11.25' | Laminate |
| 1 3-Piece Bathroom on Ground Floor | ||||
| 2 3-Piece Bathrooms | ||||
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Stouffville, Whitchurch-Stouffville is a north GTA neighbourhood notable for its university grads, business and education, law & public sector professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Sri Lanka, and Cantonese and Tamil speakers. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19 and adults aged 30 to 49.
Kids Per Family
1.4
kids per family
in the neighbourhood.
34%
of residents are
single and loving it.
34% singles
Whitchurch-Stouffville (34%)
9%
of residents
are renters.
9% renters
Whitchurch-Stouffville (11%)
41%
of residents are
university grads.
41% university grads
Whitchurch-Stouffville (39%)Average Household Income
$139K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Business | 13% |
| Management | 10% |
| Government | 9% |
| Trades | 8% |
33%
of residents were
born outside of Canada.
33% immigrants
Whitchurch-Stouffville (34%)5.0% from Sri Lanka
All-time
1.9% from China
Recent
Foreign Languages
| Cantonese | 8% |
| Tamil | 6% |
| Mandarin | 3% |
| Italian | 2% |
| Tagalog | 1% |
Religions
| Christian | 65% |
| Hindu | 9% |
| Muslim | 2% |
| Buddhist | 1% |
| Sikh | 1% |