For Sale · MLS# N12946174
Active
$3,828,000
42 SOMERVILLE STREET
7Bathrooms 6,000Sq Ft

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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! (id:66036)
Property facts
- Property type
- Multi-Family
- Building type
- Multi-Family
- Living area
- 6,000 sqft
- Lot size
- 50 x 150 FT
- Lot frontage
- 50 ft
- Lot depth
- 150 ft
- Heating
- Natural gas Forced air
- Cooling
- Fully air conditioned
Listing courtesy of
REMAX YOUR COMMUNITY REALTY
Listed by: RITA CHEMILIAN
Phone: (905) 940-4180
The trademarks REALTOR®, REALTORS® and MLS® are controlled by The Canadian Real Estate Association (CREA). Listing data via CREA DDF®.