6745 MAIN STREET, Whitchurch-Stouffville, Ontario
$995,000
- 5 Beds
- 3 Baths
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. Additional opportunity: the adjacent property may also be available for purchase, creating the potential to assemble nearly 0.5 acre of land in the heart of Stouffville - a rare prospect for larger future development. 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:50212)
- Listing ID: N12983930
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 6745 MAIN STREET in Whitchurch-Stouffville Ontario. It was last modified on April 10th, 2026. Contact The TanTeam to schedule a viewing or to discover other Whitchurch-Stouffville homes for sale.