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 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 25-29 George St , Aurora, L4G 2S1, Ontario |
Postal Code: | L4G 2S1 |
Province/State: | Ontario |
Legal Description: | PT LT 27 PL 246 AURORA AS IN R522366 ; A |
Lot Size: | 126.00 x 200.00 (Feet) |
Directions/Cross Streets: | Yonge Street & Wellington Street West |
Category: | Designated |
Use: | Residential |
Building Percentage: | Y |
Total Area: | 0.53 |
Total Area Code: | Acres |
Area Influences: | Public Transit Rec Centre |
Rail: | N |
Heat Type: | Gas Forced Air Open |
Central Air Conditioning: | Y |
Elevator Lift: | None |
Sewers: | San+Storm Avail |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE YOUR COMMUNITY REALTY |
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Book Showing | Email a Friend |
Type: | Com - Land |
Area: | York |
Municipality: | Aurora |
Neighbourhood: | Aurora Village |
Lot Size: | 126.00 x 200.00(Feet) |
Tax: | $15,286.88 |