$5,038,000
Available - For Sale
Listing ID: N8335396
25-29 George St , Aurora, L4G 2S1, Ontario
| 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. |
| Price | $5,038,000 |
| Taxes: | $15286.88 |
| DOM | 7 |
| Occupancy by: | Tenant |
| Address: | 25-29 George St , Aurora, L4G 2S1, Ontario |
| Lot Size: | 126.00 x 200.00 (Feet) |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | Yonge Street & Wellington Street West |
| Property Type: | Vacant Land |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
| Utilities-Sewers: | Y |
| Utilities-Gas: | Y |
| Utilities-Municipal Water: | Y |
| Utilities-Telephone: | Y |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Freehold - Vacant Land |
| Area: | York |
| Municipality: | Aurora |
| Neighbourhood: | Aurora Village |
| Lot Size: | 126.00 x 200.00(Feet) |
| Tax: | $15,286.88 |
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