3 Bedroom
3 Bathroom
1,500 - 2,000 ft2
None
Forced Air
Landscaped
$973,000
5% Cap rate makes for a very attractive real estate investment located on Main St in central Stouffville. GO train is a 5 minute walk. This well maintained established legal triplex (R3) with three individual units; 1 x bachelor + 1 x 1-bedroom + 1 x 2-bedroom. Each of long term tenants (2017, 2019, 2022) wish to remain. This triplex has been well maintained with many updates including a complete make over of apartment #2, plus a updated bathroom and kitchenette in the bachelor unit. Roof 2019. Paved driveway 2021. The large front covered porch defines welcoming curb appeal into the secure front door to each apartment. The decking was new 2021. The paved driveway provides 2 parking spots for each tenant = 6 total parking spots. The driveway is off Albert Street. The side porch doubles as a gathering space and the common laundry room with commercial grade coin washer and dryer - approx $2k/yr. The side and back yards are a grass canvas enjoyed by the residents. The Upper unit includes a private balcony facing east to delight in each morning sunrise, plus a sunroom facing north. The basement with a separate entrance is ideal for storage, includes the gas furnace and the three owned hot water tanks. Optimal for investors looking for positive cash flow; Cap rate 5%. NOI 3.4%. Stouffville is growing, and offers a choice of schools, worship, shopping, sports fields, restaurants, banking and close to the Markham Stouffville hospital. #404 access from Stouffville Rd. Straight drive on 9th Line to #407. Floor plan attached. Financials attached. (id:63616)
Property Details
|
MLS® Number
|
N13154386 |
|
Property Type
|
Multi-family |
|
Community Name
|
Stouffville |
|
Amenities Near By
|
Hospital, Place Of Worship, Public Transit, Schools |
|
Community Features
|
Community Centre |
|
Features
|
Carpet Free |
|
Parking Space Total
|
6 |
|
Structure
|
Porch |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Total
|
3 |
|
Age
|
100+ Years |
|
Appliances
|
Water Heater |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Vinyl Siding |
|
Fire Protection
|
Controlled Entry |
|
Flooring Type
|
Vinyl, Carpeted, Tile |
|
Foundation Type
|
Stone |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Place Of Worship, Public Transit, Schools |
|
Landscape Features
|
Landscaped |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
79 Ft ,7 In |
|
Size Frontage
|
65 Ft |
|
Size Irregular
|
65 X 79.6 Ft |
|
Size Total Text
|
65 X 79.6 Ft |
|
Zoning Description
|
R3 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Main Level |
Kitchen |
4.7 m |
3 m |
4.7 m x 3 m |
|
Main Level |
Primary Bedroom |
3.8 m |
3.5 m |
3.8 m x 3.5 m |
|
Main Level |
Laundry Room |
3.12 m |
4.2 m |
3.12 m x 4.2 m |
|
Main Level |
Kitchen |
4.34 m |
3.15 m |
4.34 m x 3.15 m |
|
Main Level |
Kitchen |
4.1 m |
1.92 m |
4.1 m x 1.92 m |
|
Main Level |
Great Room |
5.8 m |
3.1 m |
5.8 m x 3.1 m |
|
Upper Level |
Kitchen |
6.1 m |
2.8 m |
6.1 m x 2.8 m |
|
Upper Level |
Bedroom 2 |
2.79 m |
3.38 m |
2.79 m x 3.38 m |
|
Upper Level |
Sunroom |
2.7 m |
2.4 m |
2.7 m x 2.4 m |
|
Upper Level |
Living Room |
3.6 m |
3.5 m |
3.6 m x 3.5 m |
|
Upper Level |
Primary Bedroom |
3.09 m |
3.38 m |
3.09 m x 3.38 m |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29782731/6153-main-street-whitchurch-stouffville-stouffville-stouffville