5387 Main Street, Whitchurch-Stouffville, ON

Stouffville, Whitchurch-Stouffville · MLS® N13761578

$2,999,900
For Sale
Listed 40 days agoNo offer date stated
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◎ Directions
2Parking
2000-2500Sq ft

About this home

In short

  • Prime development opportunity in a premium location at the northeast corner of Main Street and Highway 48, at the gateway to Whitchurch-Stouffville.
  • Currently zoned RN5 and designated as Urban Medium Density within the Official Plan.

Prime development opportunity in a premium location at the northeast corner of Main Street and Highway 48, at the gateway to Whitchurch-Stouffville. Surrounded by major residential and commercial development, this property offers outstanding exposure and future growth potential. Currently zoned RN5 and designated as Urban Medium Density within the Official Plan. Survey available. Water line and sewer services to the property have already been completed, providing added value and development readiness. Rare opportunity to secure a high-profile site in one of the GTA's fastest-growing communities.

Key facts

Property type
Detached, Bungalow
MLS®
N13761578
Size
2000-2500 sq ft
Lot
128 × 528 ft
Cross streets
Hwy 48 to Main St.
Parking
2 parking
Basement
None
Heating
Other
A/C
None
Exterior
Wood
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$5,326 / 2025
Days on market
40
Listing brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.
Our TakeTeam Asgarian · Broker
No automatic estimate

This is a rare parcel: about 1.55 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Stouffville · asking prices
$1.11Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $952K, which is where my estimate comes from.

Per square foot, these ask about $632/sqft; this home lists at $1,333/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
3.00MThis home1.19M1.13M1000kThis home vs active comparables

Sold price trend

Median sold price for detached homes in Stouffville: $1.17M in September 2026, down 1% from a year ago, on 249 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.26M31
November 2025$1.15M32
December 2025$1.23M14
January 2026$1.28M12
February 2026$1.21M13
March 2026$1.29M15
April 2026$1.19M18
May 2026$1.08M22
June 2026$1.20M23
July 2026$1.13M26
August 2026$1.23M22
September 2026$1.17M21

Neighbourhood & location

Stouffville, Whitchurch-Stouffville, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Rural Whitchurch-Stouffville
$2.11M
Ballantrae
$1.77M

Typical asking price of active listings of the same type, per area (outliers removed). Whitchurch-Stouffville.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$13,673/mo
$533KIncome needed
5.6×Price ÷ income
$3,155Weekly cost
$61,473Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

97%mortgage
Mortgage $13,673Property tax $444Total carry $14,116

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$13,270per month

Mortgage amount $2,399,920 · 4.49% over 25 years

$599,980Down payment (20.0%)
$2,399,920Loan before insurance
$0CMHC premium
$13,713Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$13,270
Property tax
$444
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$13,713

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$61,473
Estimated closing costs
$61,473

Plus your down payment of $599,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$16,061/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$1,580,951Total interest paid
$3,980,871Total of all payments
Principal $2,399,920 Interest $1,580,951
YearPrincipalInterestBalance
1$53,556$105,679$2,346,364
2$55,988$103,247$2,290,376
3$58,530$100,705$2,231,847
4$61,187$98,048$2,170,659
5$63,965$95,269$2,106,694
6$66,870$92,365$2,039,824
7$69,906$89,329$1,969,919
8$73,080$86,155$1,896,839
9$76,398$82,837$1,820,441
10$79,867$79,368$1,740,574
11$83,493$75,742$1,657,081
12$87,284$71,951$1,569,798
13$91,247$67,988$1,478,551
14$95,390$63,845$1,383,161
15$99,721$59,514$1,283,440
16$104,249$54,986$1,179,191
17$108,982$50,253$1,070,209
18$113,930$45,305$956,279
19$119,103$40,132$837,176
20$124,511$34,724$712,665
21$130,164$29,071$582,501
22$136,074$23,161$446,427
23$142,252$16,982$304,175
24$148,711$10,524$155,463
25$155,463$3,772$0

At the end of your 5-year term

Total paid over the term
$796,174
Principal paid down
$293,226
Interest paid
$502,948
Balance remaining
$2,106,694

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
From 58 whole-home leases in Stouffville$3,392/mo
$40,704Gross annual rent
1.0%Cap rate after taxes and upkeep
$3,133 to $3,587Typical rent range
~34 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 58 whole-home leases in Stouffville signed at a median of $3,516 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,392. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

1.4%
Gross yield
− Property tax $5,326− Insurance $1,400− Vacancy & upkeep $4,477Net operating income $29,501

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK YORK GROUP REALTY LTD.. MLS®/PropTx.

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