All photos · 57
42 Somerville Street, Whitchurch-Stouffville, ON L4A 1G6
$3,828,000
Beds
n/a
Baths
7
Type
Commercial
About this home
Unique investment opportunity in Downtown Stouffville. 10 year new totally re-built with highest quality and workmanship, 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 constructed 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. Mixed uses. Live/work combo in one building plus collect rental income from the other suites ~Generates approx. $160,000 net income!
Heating
- · Gas Forced Air Open
Cooling
- · Yes
What it could cost monthly
Estimated monthly
$17,530
Principal & interest, per month
- Mortgage amount
- $3,062,400
- Down payment
- $765,600
- Total interest paid
- $2,196,541
Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.
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Listing brokerage
REMAX YOUR COMMUNITY REALTY
Each office independently owned and operated.