Matthew Tenk
Broker of Record
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:39551)
Property Details
| MLS® Number | N8335396 |
| Property Type | Vacant Land |
| Community Name | Aurora Village |
Building
| Fireplace Present | No |
| 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
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September 04 2024 01:26:55
