$1,295,000Asking Price
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!
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!
See MoreRoom | 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% |