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)
Business
| BusinessType | Residential |
| BusinessSubType | Residential |
Property Details
| MLS® Number | N8335390 |
| Property Type | Vacant Land |
| Community Name | Aurora Village |
| AmenitiesNearBy | Public Transit, Recreation |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 0.53 Ac |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 200 Ft |
| SizeFrontage | 126 Ft |
| SizeIrregular | 126 X 200 Ft |
| SizeTotalText | 126 X 200 Ft |
| ZoningDescription | Ra1, (151) And Ra1, (449) |
https://www.realtor.ca/real-estate/26889832/25-29-george-street-aurora-aurora-village-aurora-village
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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
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September 04 2024 01:26:55
Toronto Real Estate Board
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