All photos · 57

Stouffville

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%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing brokerage

REMAX YOUR COMMUNITY REALTY

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