$2,850,000 FOR SALE

Investment

Lot: 62.36 x 197.08 ftTotal Area: 0.27 acres
2023 Taxes: $9,221.94

25 George St
Aurora, ON L4G 2S1 | Aurora Village | York

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.

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Listed By ROYAL LEPAGE YOUR COMMUNITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N8335366
Last Updated Aug 23, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 036520003
Legal Description PT LT 27 PL 246 AURORA AS IN R522366 ; AURORA
Occupancy Tenant
Possession Date TBA
Taxes (2023) $9,221.94
Tax Type Annual
Directions/Cross Streets Yonge Street & Wellington Street West
Neighbourhood Aurora Village
Area York
Price History
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Detailed Information
Freestanding Y
Lot 62.36 x 197.08 ft
Office/Apt Area 6,000 ft2
Total Area 0.27 acres
Elevator None
Air Conditioning Y
Basement Y
Garage Type Outside/Surface
Heat Type Gas Forced Air Open
Area Influences Public Transit, Rec Centre
Sewers San+Storm
Utilities Y
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning RA1, (151)
Seller Property Info Statement N

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