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42 SOMERVILLE STREET, Whitchurch-Stouffville (Stouffville) — listed at $3,828,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
What's the parking situation?+
This property includes 10 spaces.
What makes this a luxury property?+
At $3,828,000, standout features include 6000 sq ft, 7 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $9,963.37, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Who is 42 SOMERVILLE STREET best suited for?+
With null bedrooms and 7 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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