For Sale - 6153 Main Street, Whitchurch-Stouffville, Ontario

Est payment $4,672/mo
Views   2
Time on Jump  47 day
  • Attractive 5% cap rate for a solid real estate investment opportunity.
  • Well maintained triplex with three individual units and long-term tenants.
  • Convenient location, just a 5-minute walk to the GO train.
  • Recent updates include a new roof and modernized apartments.
  • Ample parking with 6 spots, plus a shared coin laundry room.



5% cap rate makes for a very attractive real estate investment located on main st in central stouffville. Go train is a 5 minute walk. This well maintained established legal triplex (r3) with three individual units; 1 x bachelor + 1 x 1-bedroom + 1 x 2-bedroom. Each of long term tenants (2017, 2019, 2022) wish to remain. This triplex has been well maintained with many updates including a complete make over of apartment #2, plus a updated bathroom and kitchenette in the bachelor unit. Roof 2019. Paved driveway 2021. The large front covered porch defines welcoming curb appeal into the secure front door to each apartment. The decking was new 2021. The paved driveway provides 2 parking spots for each tenant = 6 total parking spots. The driveway is off albert street. The side porch doubles as a gathering space and the common laundry room with commercial grade coin washer and dryer - approx $2k/yr. The side and back yards are a grass canvas enjoyed by the residents. The upper unit includes a private balcony facing east to delight in each morning sunrise, plus a sunroom facing north. The basement with a separate entrance is ideal for storage, includes the gas furnace and the three owned hot water tanks. Optimal for investors looking for positive cash flow; cap rate 5%. Noi 3. 4%. Stouffville is growing, and offers a choice of schools, worship, shopping, sports fields, restaurants, banking and close to the markham stouffville hospital. #404 access from stouffville rd. Straight drive on 9th line to #407. Floor plan attached. Financials attached.
Listing IDN13154386
Address6153 Main Street
CityWhitchurch-Stouffville, Ontario
Price$973,000
Bed / Bath3 / 3 Full
Style2-Storey, Triplex
ConstructionVinyl Siding
TypeMulti-Family
StatusFor Sale
Subtype TriplexIndoor Features Carpet Free, Storage Area Lockers, Water Heater OwnedOutdoor Features Controlled Entry, Landscaped, PorchAmenities Hospital, Library, Place Of Worship, Public Transit, Rec./Commun.Centre, SchoolOwnership FreeholdBasement Full, UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 6.00
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6153 Main Street
Whitchurch-Stouffville , Ontario
3 3 $973,000
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