Brad Sauve

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25 GEORGE STREET, Aurora, Ontario

$2,850,000

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. (id:23309)

Listing ID: N8335366
Property Type: Multi-family

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Details

Amenities Nearby: Public Transit, Recreation
Transaction: For sale
Zoning Description: RA1, (151)

Building

Cooling: Fully air conditioned
Fireplace Present: False
Heating: Other
Heating Fuel: Natural gas
Size Interior: 0.27 ac
Type: Multi-Family
Utility Water: Municipal water

Land

Amenities: Public Transit, Recreation
Size Frontage: 62 ft ,4 in
Size Irregular: 62.36 x 197.08 FT

Listing provided by ROYAL LEPAGE YOUR COMMUNITY REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 25 GEORGE STREET in Aurora Ontario. It was last modified on September 9th, 2024. Contact Brad Sauve to schedule a viewing or to discover other Aurora real estate for sale.

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