Unique Investment Opportunity in Downtown Stouffville. 10 Year New totally re-built French Chateau Style Luxury Building with 5 Self-Contained Residential Suites and Non-Conforming Commercial Units on the ground Level with Stunning 10 & 12 ft High Ceilings. Suites range in sizes from 800 - 1,650 sq ft- Each Suite is Equipped with Self Control heating /cooling and ensuite laundry (separate bills). 10 Outside Surface Parking spaces. Over 6,000 sq ft of rentable space. Located Next to Memorial Park, Backing onto Ravine and Steps to Community Centre, Library, Shops, Restaurants and the GO Train Station. Building is Built with Quality Upgrades with Picturesque Windows, Hardwood Floors, Granite Counter Tops, Pot Lights, Natural Limestone, Belden Brick and Stucco Exterior, Fully Fire Rated and Extreme Sound Proofing. Live/Work in one and collect rental income from the other suites ~Generates approx. $160,000 Net Income!
Address
42 Somerville Street
List Price
$3,928,000
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Whitchurch-Stouffville
Sub-Area
Stouffville
Region
York
Bathrooms
7
Lot Size Source
MPAC
Lot Depth
150
Lot Type
Lot
Lot Size Units
Feet
Lot Width
50
Parcel Number
037310496
Total Building Area
6000
Occupant Type
Owner+Tenant
Cross Street
Main Street / Market Street
Approx. Age
6 - 15 Years
MLS® Number
N12436986
Listing Brokerage
ROYAL LEPAGE YOUR COMMUNITY REALTY
Postal Code
L4A 1G6
Posession Details
30 Days/T.B.A
Parking Spaces
10
Tax Amount
$9,630.84
Tax Year
2024
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
Tax Legal Description
Lot 10 Plan 972 MARKHAM; WHITCHURCH-STOUFFVILLE
