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$1,095,000
Est. payment /mo
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Stouffville
MLS Listing ID N12379436
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,226
Tax Year 2025
Property Sub-Type Triplex
Lot Depth 78.62
Lot Front 94.44
Appx SqFt 2000-2500
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: 1.Expand with Ease - With site-specific provisions in place, all that's needed is the building permit to break ground on the new triplex. 2.Renovate & Reimagine - The existing structure is incredibly strong, offering the opportunity to modernize or even add a fourth unit. 3. 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!
Location
Province ON
County York
Community Stouffville
Area York
Zoning RN(5)
Rooms
Family Room No
Basement Crawl Space
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling None
Exterior
Pool None
Roof Type Shingles
Lot Frontage 94.44
Lot Depth 78.62
Total Parking Spaces 3
Building
Foundation Stone
Others
Senior Community No
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Listed by RIGHT AT HOME REALTY INVESTMENTS GROUP