0.53 ac
Fully Air Conditioned
Other
$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:39551)
Business
Business Type
|
Residential |
Business Sub Type
|
Residential |
Property Details
MLS® Number
|
N8335390 |
Property Type
|
Vacant Land |
Community Name
|
Aurora Village |
Amenities Near By
|
Public Transit, Recreation |
Building
Cooling Type
|
Fully Air Conditioned |
Fireplace Present
|
No |
Heating Fuel
|
Natural Gas |
Heating Type
|
Other |
Size Interior
|
0.53 Ac |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Public Transit, Recreation |
Size Depth
|
200 Ft |
Size Frontage
|
126 Ft |
Size Irregular
|
126 X 200 Ft |
Size Total Text
|
126 X 200 Ft |
Zoning Description
|
Ra1, (151) And Ra1, (449) |
https://www.realtor.ca/real-estate/26889832/25-29-george-street-aurora-aurora-village-aurora-village