$2,188,000
29 George Street, Aurora, On L4g 2s1
MLS®#:N8335382
- 3-1
- 2
$2,188,000
Listed by: ROYAL LEPAGE YOUR COMMUNITY REALTY, BROKERAGE
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 N8335382
Days On Market 157 Days
Status Active
Purchase Type For Sale
Listing Type Residential Freehold
Cross Street Yonge Street & Wellington Street West
Interior
Beds 3-1
Baths 2
Air Conditioning None
Basement Partially Finished,separate Entrance
Fireplace No
Heating Forced Air
Exterior
Parking Spaces 6
Garage Type None
Driveway Private Double
Lot Size 62.36 x 208.43
Style 1 1/2 Storey
Exterior Brick
Additional Information
Taxes $6,065
Tax Year 2023
Zoning RA1, (449)
Special Designation Unknown
Septic/Sewer Sewer
Energy Certification No
Fronting On East
Maintenance Fees $0
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.
