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Key Facts
Key facts for 6745 Main Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 3 parking
MLS #
N12983930
Size
2000-2500 sqft
Basement
Unfinished
Listed on
2026-04-10
Lot size
94 x 78.62
Tax
$5,226 /yr
Days on Market
186
Approximate Age
100+
Maintenance Fee
-
Description
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 te...nants 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.
