25-29 George Street Aurora (Aurora Village), Ontario L4G 2S1
$5,038,000
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. (id:58043)
Property Details
| MLS® Number | N8335396 |
| Property Type | Vacant Land |
| Community Name | Aurora Village |
Building
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 200 Ft |
| SizeFrontage | 126 Ft |
| SizeIrregular | 126 X 200 Ft |
| SizeTotalText | 126 X 200 Ft|1/2 - 1.99 Acres |
| ZoningDescription | Ra1, (151) And Ra1, (449) |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/26889833/25-29-george-street-aurora-aurora-village-aurora-village
Interested?
Contact us for more information
Michael Ulitsky
Broker
8854 Yonge Street
Richmond Hill, Ontario L4C 0T4
Eugenio Sturino
Salesperson
9411 Jane Street
Vaughan, Ontario L6A 4J3
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2024 01:26:55
Toronto Real Estate Board
Royal LePage Your Community Realty