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25-29 George St
Aurora ON , L4G 2S1 , CAN
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$5,038,000.00
MLS® N8335390
Commercial
Annual Tax Amount: $15,286.88
Tax Description Annual
Lot Frontage: 126 Feet
Lot Depth: 200 Feet
Freestanding: Yes
Total Area: 0.53 Acres
Remarks:
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.
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.

Property Features:
  • Area Influences: Public Transit , Rec Centre
  • Air Conditioning: Central Air
  • Occupancy: Tenant
  • Sewers: San+Storm Avail
  • Utilities: Yes
  • Water: Municipal
Building Features:
  • Basement: Yes
  • Elevator: None
  • Garage Type: Outside/Surface
  • Heat Type: Gas Forced Air Open

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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