15040 Highway 48, Whitchurch-Stouffville

$999,000
15040 Highway 48

$999,000

New
4d
Detached1 1/2 Storey

15040 Highway 48, Whitchurch-Stouffville

Total Monthly Obligation $4,795

Beds
3
Baths
1
Park
7
Sqft
1100-1500
DOM
4d
Score
16
Yield
3.5%
Cash on Cash
-8.5%
Cap Rate
2.8%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-N14092324
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-159.9 × 346.84 ft
Listed on site-Oct 19, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,686.68 (2026)
Parking-7 - Carport
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-60/90 days
Neighbourhood-Ballantrae
Title-Residential Freehold

No agent assigned

**A Rare Opportunity to Create Something Special** Set on approximately 1.2 acres just south of Aurora Road on Highway 48, this property offers a unique opportunity for investors, builders, or buyers looking to renovate, expand, or build a custom country home. Enjoy the appeal of a rural setting with open space and a sense of privacy, while remaining within convenient reach of Aurora, Stouffville, and surrounding York Region communities. The location offers access to major routes, making commuting, shopping, schools, and everyday amenities readily accessible. The existing 3-bedroom, 1-bathroom residence features a functional layout and the flexibility to enjoy the home as it is while planning for the future. With a generous lot, excellent frontage, and ample outdoor space, there is room to explore a variety of possibilities. Several important improvements have been completed over the years, including five replacement windows in the living and dining rooms (2012), a complete roof replacement in 2015 following removal of the existing shingles, and a 200-amp electrical service. A professionally installed generator transfer panel allows for connection of a portable generator when needed. The property also includes a former dog kennel building with 100-amp electrical service, along with three additional sheds offering versatile space for storage, hobbies, workshop use, or other permitted uses. A lawn-maintenance tractor and snow blower may also be included in the sale. Whether you envision renovating the existing home, creating a private country retreat, or exploring the potential for a custom build, this sizeable property offers an opportunity to enjoy country living with the convenience of nearby communities and amenities.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$4,795/mo
Mortgage $4,030
Monthly Loss $3,735
Principal$1,060
Interest$2,969
Property Tax$391
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,800/yr
NOI
$22,133/yr
Net Cash Flow
-$2,185/mo
Cash Margin
-75.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 15040 Highway 48

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.