New ListingAttention Investors & Builders - Rare Value-Add Opportunity! Priced to sell! Own a cash-flowing three-unit investment property with solid tenants in place and approved potential to expand into a six-unit residential property. Positive cash flow from day one, while offering substantial long-term upside through approved future development - now at an exceptional price. Brand-new roof installed in July 2026. Located on a newly rezoned RN5 lot (multi-family housing, apartment building), the property includes Town-approved site plans and architectural drawings prepared through the rezoning process for the approved six-unit concept. Years of planning, rezoning and approvals have already been completed, allowing the next owner to move toward the building permit stage while retaining flexibility to refine the design if desired. Multiple investment strategies are available: complete the approved three-unit addition and create a six-unit investment property; take a more gradual approach by phasing the development over time while continuing to generate rental income from the existing triplex; or modernize the existing units over time 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 immediate positive cash flow and long-term upside. Guidance with construction financing and mortgage options may be available to qualified buyers. Strong rental demand, approved development potential, positive cash flow from day one, and significant long-term value - all in one property.
| MLS # | N13723502 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 1 |
| Listing Provided By | SUTTON GROUP-ADMIRAL REALTY INC. | N13723502 079901 |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,286 |
| Acreage | 0.05 |
| Cooling | No |
|---|---|
| Heat Source | Gas |
| Community Features | Public Transit |
|---|
| Utilities | Yes |
|---|---|
| Sewer | Storm |
| Tax Annual Amount | 5226 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 35 CON 9 MARKHAM (AKA PT LT 25, PL 1155) AS IN WS4438 EXCEPT R477974 ; WHITCHURCH-STOUFFVILLE |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | York |
| City | Whitchurch-Stouffville |
| Postal Code | L4A 6B5 |
| Area | Stouffville |
| Listing VS Median (in L4A 6B5) | |
Price: $925,000 low | high Med: $925,000 sqft: 2,286 low | high Med: 2,286 $ / sqft: $405 low | high Med: $405 On site: 1 low | high Med: 1 | |
| Province | ON |
|---|---|
| Region | York |
| City | Whitchurch-Stouffville |
| Postal Code | L4A 6B5 |
| Area | Stouffville |
| Listing VS Median (in L4A 6B5) | |
Price: $925,000 low | high Med: $925,000 sqft: 2,286 low | high Med: 2,286 $ / sqft: $405 low | high Med: $405 On site: 1 low | high Med: 1 | |