42 SOMERVILLE STREET
Toronto · L4A1G6
$3,928,000
About this residence
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! (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Bathrooms
- 7
- Living area
- 6,000 sq ft
- Lot size
- 50 x 150 FT
- Frontage
- 50 feet
- Parking
- 10 spaces
- Annual tax
- $9,631
- MLS®
- N12436986
- Board
- Toronto
- Status
- Inactive
- Listed
- Oct 1, 2025
- Updated
- Nov 4, 2025
Features & finishes
Appliances
- Washer
- Dishwasher
- Dryer
- Microwave
- Water Heater
Heating
- Forced air
- Natural gas
Cooling
- Fully air conditioned
Financing
Estimated monthly payment
$18,370/mo
Loan amount
$3,142,400
Down payment
$785,600
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Toronto
Nearby
About the area
Census · L4A- 50,389
- Population
- 42
- Median age
- $122,000
- Median income
- $1,000,000
- Median home value
- 88%
- Home ownership
- 33 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 42 SOMERVILLE STREET?
42 SOMERVILLE STREET is listed for $3,928,000, in Toronto.
How many bedrooms and bathrooms does 42 SOMERVILLE STREET have?
It offers — bedrooms and 7 bathrooms.
What type of home is 42 SOMERVILLE STREET?
42 SOMERVILLE STREET is a Multi-family, Multi-Family.
How large is 42 SOMERVILLE STREET?
The home offers approximately 6,000 sq ft of living space on a lot measuring 50 x 150 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $18,370. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $9,631 per year.
Is there parking?
Yes — 42 SOMERVILLE STREET includes 10 parking spaces.
What is the Toronto area like?
Toronto has a population of about 50,389, a median age of 42, a 88% home-ownership rate, with an average commute of about 33 minutes.
What is the average home value in Toronto?
The median dwelling value in this area is approximately $1,000,000, based on census data via Neighbourly.
What is the median household income in Toronto?
The median household income in this area is approximately $122,000.
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