6153 MAIN STREET, Whitchurch-Stouffville, Ontario, L4A 3R6

$973,000

MLS® # N13154386

Investment For Sale In Whitchurch-Stouffville, Ontario

$973,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Fire Protection: Controlled entry
  • Floor Space: 1500 - 2000 sqft
  • Flooring Type: Vinyl, Carpeted, Tile
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3
  • Bathrooms: 3
  • Amenities Nearby: Hospital, Public Transit, Schools
  • Community Features: Community Centre
  • Features: Carpet Free
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Depth: 79.6 Feet
  • Lot Frontage: 65 Feet
  • Lot Size: 65 x 79.6 FT
  • Structure Type: Porch
  • Utility Type: Hydro - Installed, Sewer - Installed, Cable - Available
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Rooms:

  • Kitchen Main Level 4.70 m x 3.00 m
  • Primary Bedroom Main Level 3.80 m x 3.50 m
  • Laundry Main Level 3.12 m x 4.20 m
  • Kitchen Main Level 4.34 m x 3.15 m
  • Kitchen Main Level 4.10 m x 1.92 m
  • Great Room Main Level 5.80 m x 3.10 m
  • Kitchen Upper Level 6.10 m x 2.80 m
  • 2nd Bedroom Upper Level 2.79 m x 3.38 m
  • Sun Room Upper Level 2.70 m x 2.40 m
  • Living Upper Level 3.60 m x 3.50 m
  • Primary Bedroom Upper Level 3.09 m x 3.38 m

Courtesy of: REMAX YOUR COMMUNITY REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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