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.
PT LT 27 PL 246, PART 1, PLAN 65R37844 TOWN OF AURORA
Possession Date
TBA
Taxes (2023)
$6,064.94
Directions/Cross Streets
Yonge Street & Wellington Street West
Neighbourhood
Aurora Village
Area
York
Price History
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Detailed Information
Fronting On
E
Link
N
Special Designations
Unknown
Bedrooms
3+1
Bathrooms
2
Rooms
6+1
Kitchens
1
Lot
62.36 x 208.43 ft
Exterior
Brick
Air Conditioning
None
Family Room
N
Fireplace/Stove
N
Pool
None
Basement
Part Fin, Sep Entrance
Drive
Pvt Double
Garage Spaces
0.0
Garage Type
None
Parking Spaces
6
Total Parking Spaces
6.0
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Utilities-Hydro
Y
Utilities-Gas
Y
Utilities-Cable
A
Utilities-Telephone
Y
Water
Municipal
Zoning
RA1, (449)
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Living
Main
5.44 m x 3.91 m(17.85 ft x 12.83 ft)
French Doors, Hardwood Floor
Dining
Main
4.05 m x 3.46 m(13.29 ft x 11.35 ft)
W/O To Deck, Hardwood Floor
Kitchen
Main
4.08 m x 3.45 m(13.39 ft x 11.32 ft)
O/Looks Garden
Prim Bdrm
2nd
4.19 m x 3.51 m(13.75 ft x 11.52 ft)
Hardwood Floor
Br
2nd
3.58 m x 3.49 m(11.75 ft x 11.45 ft)
Hardwood Floor
Br
2nd
3.51 m x 3.34 m(11.52 ft x 10.96 ft)
Hardwood Floor
Other
Lower
W/O To Yard
Bathrooms
Pieces
Level
3
4
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