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Stouffville · L4A 6B5
$995,000
MLS® #N12983930
5
Bedrooms
3
Bathrooms
2000-2500
Sq Ft
About This Property
FULLY LEGAL TRIPLEX (POTENTIAL SIX-PLEX). Attention Investors & Builders - Rare Value-Add Opportunity! Own a fully legal triplex with immediate rental income and APPROVED plans to expand to a six-plex - all at an attractive entry price. This property features three existing legal units with solid tenants in place, providing stable cash flow from day one. Located on a newly rezoned RN5 lot, the property comes with approved site plans and architectural drawings to construct an additional triplex, bringing the total to six income-generating apartments. Key planning work is already completed, allowing the next owner to move forward with building permits and unlock the site's full income potential. Multiple strategies available: build the approved addition and create a high-performing six-plex, maintain existing tenants while developing for phased growth, or modernize the current units to further increase rental revenue and overall property value. Additional opportunity: the adjacent property may also be available for purchase, creating the potential to assemble nearly 0.5 acre of land in the heart of Stouffville - a rare prospect for larger future development. Ideal for investors seeking scalability - secure today's income while planning tomorrow's expansion. Guidance with project financing and commercial mortgage options may be available to qualified buyers. Strong rental demand, development upside, and long-term growth potential all in one property. A rare opportunity to control both immediate cash flow and future value.
General Information
Building & Mechanicals
Basement
Parking & Garage
Lot & Land
Interior Features
Features
Pool
Taxes
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Ground | 15' 5" × 16' 10" |
| Kitchen | Ground | 15' 5" × 11' 3" |
| Bedroom | Ground | 10' 8" × 13' 9" |
| Bedroom 2 | Ground | 14' 1" × 8' 2" |
| Bedroom 3 | Ground | 10' 1" × 11' 11" |
| Living Room | Second | 17' 11" × 12' 5" |
| Kitchen | Second | 17' 11" × 10' 8" |
| Bedroom 4 | Second | 10' 6" × 7' 10" |
| Living Room | Second | 15' 5" × 12' 5" |
| Kitchen | Second | 15' 9" × 10' 2" |
| Bedroom 5 | Second | 12' 8" × 7' 7" |
Mortgage Calculator
Estimated monthly payment
$4,888
Down payment: $199,000 · Loan: $796,000
Estimate only. Actual rates and payments vary by lender.
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Listing courtesy of:
SUTTON GROUP-ADMIRAL REALTY INC.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: Apr 10, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.