v


LOADING

25-29 George Street Aurora (Aurora Village), Ontario L4G 2S1

$5,038,000

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. (id:52603)

Property Details

MLS® Number N8335396
Property Type Vacant Land
Community Name Aurora Village

Building

Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 200 Ft
Size Frontage 126 Ft
Size Irregular 126 X 200 Ft
Size Total Text 126 X 200 Ft|1/2 - 1.99 Acres
Zoning Description Ra1, (151) And Ra1, (449)

Utilities

Cable Installed
Sewer Installed

https://www.realtor.ca/real-estate/26889833/25-29-george-street-aurora-aurora-village-aurora-village


ROYAL LEPAGE YOUR COMMUNITY REALTY
8854 Yonge Street
Richmond Hill, Ontario L4C 0T4

(905) 731-2000
(905) 886-7556

ROYAL LEPAGE YOUR COMMUNITY REALTY
9411 Jane Street
Vaughan, Ontario L6A 4J3

(905) 832-6656
(905) 832-6918
www.yourcommunityrealty.com/

Interested?

Contact us for more information


Generating Captcha

Your Favourites

 

No Favourites Found