25-29 George St

Aurora | Aurora Village | L4G 2S1
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$5,038,000

Est. Mtg $17,083 /mo
  • Days on market

    146

  • Status

    New

Listing Broker ROYAL LEPAGE YOUR COMMUNITY REALTY
Since listed: 3 views

Home details

MLS #:

N8335396

Property type:
Vacant Land
Style:
Taxes:
$15,287
Possession:
TBA
Lot Front:
126.0   Feet
Lot Depth:
200.0   Feet
Basement:
|
Driveway Pkg:
0
Heat:
|

Description


25-29 George St, , Aurora, Ontario is a Vacant Land property in Aurora and in the Aurora Village community in the L4G 2S1 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2024-05 2024-08 $5,038,000 $5,038,000 New N8335396
2024-08 $5,038,000 $5,038,000 N8335390

Comparables

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sold Date Address List Price sold Price DOM
2024-01 105 Gurnett St, $699,000 $620,000 48
2022-09 65 St. John's Sdrd E, $2,198,000 $1,950,000 0
2022-09 65 St. John's Sdrd E, $2,198,000 $1,950,000 80
2020-03 54 Tyler St, $575,000 $515,000 61
2019-06 135 Temperance St, $449,000 $415,000 45

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Aurora :

Average sale price

$1,399,231

Properties sold

85

New Listings

152

Days on Market

12

Sale $ / List $

106%

Year on Year Growth

-2.75%



Estimated running costs for 25-29 George St

Based on available 3rd party data

$18491

Approximate costs per month

Mortgage
$17083 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1273 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE YOUR COMMUNITY REALTY
Data Source: TRREB

Payment calculator

$18356 monthly. In association with: TD Bank
%
  • Principal and Interest
    17083 /mo
  • Property Taxes
    $1273 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Daniela LaFace, Realtor

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