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. (id:61445)
| MLS® Number | N12824322 |
| Property Type | Single Family |
| Community Name | Stouffville |
| ParkingSpaceTotal | 3 |
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 100+ Years |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Brick |
| FlooringType | Carpeted, Laminate |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 78 Ft ,7 In |
| SizeFrontage | 94 Ft ,4 In |
| SizeIrregular | 94.4 X 78.6 Ft |
| SizeTotalText | 94.4 X 78.6 Ft |
| ZoningDescription | Rn5(4) |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 5 | 3.87 m | 2.3 m | 3.87 m x 2.3 m |
| Second Level | Living Room | 5.46 m | 3.78 m | 5.46 m x 3.78 m |
| Second Level | Kitchen | 5.46 m | 3.26 m | 5.46 m x 3.26 m |
| Second Level | Bedroom 4 | 3.19 m | 2.39 m | 3.19 m x 2.39 m |
| Second Level | Living Room | 4.71 m | 3.78 m | 4.71 m x 3.78 m |
| Second Level | Kitchen | 4.79 m | 3.1 m | 4.79 m x 3.1 m |
| Ground Level | Living Room | 4.7 m | 5.12 m | 4.7 m x 5.12 m |
| Ground Level | Kitchen | 4.7 m | 3.43 m | 4.7 m x 3.43 m |
| Ground Level | Bedroom | 3.26 m | 4.18 m | 3.26 m x 4.18 m |
| Ground Level | Bedroom 2 | 4.29 m | 2.5 m | 4.29 m x 2.5 m |
| Ground Level | Bedroom 3 | 3.07 m | 3.64 m | 3.07 m x 3.64 m |
| Electricity | Installed |
Contact us for more information
Dinara Vlasov
Salesperson
Tal Sivak
Broker