25 George St

Aurora | Aurora Village | L4G 2S1
  • 0.27 sqft
  • 0 gar

$2,850,000

Est. Mtg $9,663 /mo
  • Days on market

    55

  • Status

    A

Listing Broker ROYAL LEPAGE YOUR COMMUNITY REALTY
Since listed: 2 views

Home details

MLS #:

N8335366

Property type:
Investment
Style:
Taxes:
$9,222
Possession:
TBA
Condo Fee:
Lot Size:
62.36 X 197.08
Zoning:
RA1, (151)
Use:
Apts-6 To 12 Units
Heat:
Gas Forced Air Open

Description


25 George St, , Aurora, Ontario is a Investment 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..



Payment calculator

$10432 monthly. In association with: TD Bank
%
  • Principal and Interest
    9663 /mo
  • Property Taxes
    $768 /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

Ben Pourkamali, Realtor

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