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$2,850,000
Available - For Sale
Listing ID: N8335366
25 & 29 George Street, Aurora - #25 Is 3 Storey Multi-Residential 8 Unit Apartment Building And #29 Is An Adjacent Residential Vacant Single Detached Dwelling With An Approx. Total Lot Size of 126 x 200 Feet (0.53 Acres). The Entire Site Is Proposed For A Zoning By-law Amendment to Permit A Development of 4 Storey Apartment Building With 26 Units in Addition to the Existing 8 Unit, 3 Storey Apartment Building on the Subject Lands, With a Total of 42 Parking Spaces And 34 Residential Units. The Proposed Development Will Consist Of 42,162 SF in Gross Floor Area. The Existing Apartment Building Has 7 - 2 Bedroom Units And 1 - 1 Bedroom Unit. All Units Are Renovated & Updated. Shared Laundry in Basement. All Tenants Are Month to Month Basis. Current Cap Rate Is About 5.1% - Potential to Increase Cap Rate to 7% Based On Average Current Market Rents In the Area. Tenants Pay Their Own Hydro And Landlord Pays For Gas And Water.
Extras:   Close Proximity To Aurora Go Train Station, Hwy 404, Yonge Street, Shops, Retail Plazas, Entertainment & All Public Amenities. The Two Properties 25 & 29 George Street Must Be Sold Together.
Price $2,850,000
Taxes: $9,221.94
Tax Type: Annual
Occupancy by: Tenant
Address: 25 George St , Aurora, L4G 2S1, Ontario
Postal Code: L4G 2S1
Province/State: Ontario
Legal Description: PT LT 27 PL 246 AURORA AS IN R522366 ; A
Lot Size: 62.36 x 197.08 (Feet)
Directions/Cross Streets: Yonge Street & Wellington Street West
Zoning: RA1, (151)
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: .27
Total Area Code:  Acres
Office/Appartment Area: 6000
Office/Appartment Area Code: Sq Ft
Area Influences: Public Transit   Rec Centre
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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ROYAL LEPAGE YOUR COMMUNITY REALTY

25 George St , Aurora, L4G 2S1, Ontario

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Maria Tompson
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Type: Com - Investment
Area: York
Municipality: Aurora
Neighbourhood: Aurora Village
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Lot Size: 62.36 x 197.08(Feet)
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Tax: $9,221.94
Maintenance Fee: $0
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
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Re/Max Example Inc, Brokerage
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support@bestforagents.com

 

 

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