$9,888,000 - 12068 Mccowan Road, Whitchurch-Stouffville
Commercial for Sale in Whitchurch-Stouffville
36 days on market- MLS Number
- N12975416
- Property Type
- Commercial
- Status
- active
- Days on Site
- 36
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 48 sqft
- Neighbourhood
- Whitchurch-Stouffville
- Lot Size
- 48 sqft
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Iconic Masterpiece Ready for Your Vision. An extraordinary opportunity awaits on this sprawling 48.4-acre property to a partially built, 20,000 sq ft unfinished architectural estate home that offers the rare chance to bring your dream residence to life from the ground up. Currently in the pre-drywall phase, this remarkable structure provides the perfect blank canvas to finish and customize every detail to your exact taste. Designed with timeless grandeur in mind, the homes exterior showcases a full stone facade, a stately front porch with a dramatic arched entryway, and large pillars that create an unmistakable sense of arrival. Inside, a spectacular main floor foyer with soaring ceilings sets the tone for the scale and elegance planned throughout the home. The layout includes 8 expansive bedrooms, with most ensuites roughed-in for heated flooring. The future primary suite is designed as a true sanctuary featuring a private walkout terrace, his & hers walk-in closets, and space for an oversized spa-like ensuite. A covered walkout deck from the main floor, a walkout to 1 of 2 triple garages, and thoughtfully planned sightlines add to the homes exceptional flow and function. With residential and commercial zoning, the estate opens the door to a variety of uses whether you envision a luxurious private residence, a family compound, or a live-work lifestyle property with unmatched land value. From the elegant stonework to the expansive footprint, the structure is in place what remains is the opportunity to shape it into something truly iconic. Seize the rare chance to complete a grand estate tailored entirely to your vision. Severance possibility.
Estimate your monthly payments for this property
Estimated Payment
$43,737.96/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Whitchurch-Stouffville
Whitchurch-Stouffville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Whitchurch-Stouffville
- •Convenient location in Whitchurch-Stouffville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Whitchurch-Stouffville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
12068 Mccowan Road, Whitchurch-Stouffville
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $206,000/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 36-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Whitchurch-Stouffville transactions.