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41
$925,000 Sale
Listed 8 hours ago
6745 Main Street
· 5
· 3
· 3
· 2000-2500
Key Facts
Key facts for 6745 Main Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 3 parking
MLS #
N14138862
Size
2000-2500 sqft
Basement
Unfinished
Listed on
2026-11-02
Lot size
94 x 78.62
Tax
$5,226 /yr
Days on Market
1
Approximate Age
100+
Maintenance Fee
-
Description
Attention Investors & Builders - Rare Value-Add Opportunity! Priced to sell! Own a cash-flowing three-unit investment property with solid tenants in place and approved potential to expand into a six-unit residential property. Positive cash flow from day one, while offering substantial long-term upsi...de through approved future development - now at an exceptional price. Brand-new roof installed in July 2026. Located on a newly rezoned RN5 lot (multi-family housing, apartment building), the property includes Town-approved site plans and architectural drawings prepared through the rezoning process for the approved six-unit concept. Years of planning, rezoning and approvals have already been completed, allowing the next owner to move toward the building permit stage while retaining flexibility to refine the design if desired. Multiple investment strategies are available: complete the approved three-unit addition and create a six-unit investment property; take a more gradual approach by phasing the development over time while continuing to generate rental income from the existing triplex; or modernize the existing units over time to further increase rental revenue and overall property value. Additional opportunity: the adjacent property may also become available for purchase, creating the potential to assemble nearly 0.5 acre in the heart of Stouffville - a rare opportunity for larger future development. Ideal for investors seeking immediate positive cash flow and long-term upside. Guidance with construction financing and mortgage options may be available to qualified buyers. Strong rental demand, approved development potential, positive cash flow from day one, and significant long-term value - all in one property.
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Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.