$5,038,000
FOR SALE

Vacant Land

Lot: 126 x 200 ft
2023 Taxes: $15,286.88

25-29 George St
Aurora, ON L4G 2S1 | Aurora Village | York

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.
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Listed By ROYAL LEPAGE YOUR COMMUNITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N8335396
Last Updated Aug 23, 2024
Property Summary
Property Type Vacant Land

More like this:
Legal Description PT LT 27 PL 246 AURORA AS IN R522366 ; AURORA And PT LT 27 PL 246, PART 1, PLAN 65R37844 TOWN OF AURORA
Possession Date TBA
Taxes (2023) $15,286.88
Directions/Cross Streets Yonge Street & Wellington Street West
Neighbourhood Aurora Village
Area York
Price History

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Detailed Information
Fronting On E
Waterfront None
Special Designations Unknown
Lot 126 x 200 ft
Acreage .50-1.99
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas Y
Utilities-Cable Y
Utilities-Telephone Y
Water Municipal
Zoning RA1, (151) And RA1, (449)
Seller Property Info Statement N

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