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.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Depth:
79'7"24.3 m
Lot Frontage:
65'19.8 m
Direction Faces:
South
Bedrooms:
3
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
3
Kitchens Above Grade:
3
Rooms Above Grade:
10
Zoning:
R3
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Stone
Roof:
Shingles
Basement:
Full, Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$4,000 /
2026
Assessment:
$- /
-
York
Whitchurch-Stouffville
Stouffville
Hospital, Library, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Carpet Free, Storage Area Lockers, Water Heater Owned
Controlled Entry, Landscaped, Porch
Offers welcome anytime. Please allow 24hrs irrevocable. Please send offers to leslie@lesliepatterson.ca. Showings must adhere to tenant schedule; Saturdays 1 to 4pm. Sundays 2 to 4pm. Tuesdays, Wednesday, Thursday, Friday 2 to 7pm, and based on tenant confirmation. Property visits for common space daily 10am-7pm.
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