$5,038,000
25-29 George St
MLS®#:N8335396
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$5,038,000
Listed by: ROYAL LEPAGE YOUR COMMUNITY REALTY
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.
Community Aurora Village
City Aurora
Postal Code L4G 2S1
MLS® Number N8335396
Days On Market
Status Available
Purchase Type For Sale
Listing Type
Cross Street Yonge Street & Wellington Stre
Interior
Beds 0-0
Baths 0
Exterior
Parking Spaces 0
Lot Size 126.00 x 200.00
Lot Front 126.00
Additional Information
Taxes $15,287
Tax Year 2023
Zoning RA1, (151) And RA1, (449)
Water Source Municipal
Special Designation Unknown
Septic/Sewer Sewers
Fronting On E
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.
Hold Over 90
