$995,000Asking Price
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.
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.
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% |