Description
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: 1.Expand with Ease - With site-specific provisions in place, all that's needed is the building permit to break ground on the new triplex. 2.Renovate & Reimagine - The existing structure is incredibly strong, offering the opportunity to modernize or even add a fourth unit. 3. 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!
Overview
Property ID:
N12379436
Type:
Triplex
Bedrooms:
5
Bathrooms:
3
Square:
2,250 m²
Price:
$1,095,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
None
Heating:
Forced Air
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
5226
PossessionDetails:
tenanted
Map
-
AddressWhitchurch-Stouffville
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