Attention Investors & Builders A Rare & Lucrative Opportunity! Step into history while securing your financial future with this one-of-a-kind investment gem! This stunning Georgian-style legal triplex is home to AAA tenants, ensuring immediate rental income. Originally a 19th-century hotel, this historical treasure sits on a newly rezoned RN5 lot with approved site plans & architectural drawings to build an additional triplex totaling six income-generating apartments! Multiple Investment Strategies for Maximum Returns: Expand with Ease: With site-specific provisions in place, all that's needed is the building permit to break ground on the new triplex. Renovate & Reimagine: The existing structure is incredibly strong, offering the opportunity to modernize or even add a fourth unit. Phased Development Option: Maintain cash flow with current tenants while constructing the new addition, then renovate the existing building for even greater rental potential! Prime Location. High Rental Demand. Endless Potential. Seize this rare chance to own a piece of history while maximizing your investment potential. Properties like this don't hit the market often! Act now!
Address
6745 Main Street
List Price
$1,295,000
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Area
Whitchurch-Stouffville
Sub-Area
Stouffville
County
York
Bedrooms
5
Bathrooms
3
Floor Area
2000 - 2500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
78.62
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
94.51
Approx. Age
100+ Years
MLS® Number
N12061974
Listing Brokerage
RIGHT AT HOME REALTY INVESTMENTS GROUP
Basement Area
Unfinished
Postal Code
L4A 6B5
Parking
Private
Parking Places (Total)
3
Tax Amount
$5,052.00
Tax Year
2024
Interior Features
Separate Heating Controls, Separate Hydro Meter
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Foundation Details
Other
Garage Type
None
Kitchens Total
3
Pool Features
None
Roof
Shingles
Sewer
Sewer
