25-29 George Street, Aurora | Image 1

25-29 George Street

Aurora, Aurora Village

  • Commercial

$5,038,000
For Sale

Added 3 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: RA1, (151) And R

  • Age: No Data

  • Taxes: 15286.88

  • MLS®#: N8335390

  • Days on Site: 101 Days

  • Added: May 14, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE YOUR COMMUNITY REALTY

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.

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Aurora

  • Community: Aurora Village

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 27 PL 246 AURORA AS IN R522366 ; AURORA And PT LT 27 PL 24

  • Taxes: $15,287

  • Taxes Type: Annual

Land

  • Cross Street: Yonge Street & Welli

  • Municipality District: Aurora

  • Sewer: San+Storm Avail

  • Lot Depth: 200 Feet

  • Lot Frontage: 126 Feet

  • Zoning: RA1, (151) And R

Commercial Specific

  • Rail: N

  • Total Area: 0.53

  • Total Area Metric: Acres

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Lot Code: Lot

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Very Walkable

  • Most errands can be accomplished on foot.
82 /100

Some Transit

  • Most errands require a car.
49 /100

Bikeable

  • Some errands can be accomplished on bike.
54 /100
Map of 25-29 George Street, Aurora
JK-6

ÉÉC Saint-Jean

Elementary: Catholic
1.19 km
JK-8

Our Lady of Grace Catholic Elementary School

Elementary: Catholic
0.88 km
JK-8

Devins Drive Public School

Elementary: Public
1.07 km
JK-8

Aurora Heights Public School

Elementary: Public
0.67 km
JK-8

Wellington Public School

Elementary: Public
0.35 km
1-8

Lester B Pearson Public School

Elementary: Public
1.16 km
9-12

ÉSC Renaissance

Secondary: Catholic
4.50 km
9-12

Dr G W Williams Secondary School

Secondary: Public
1.14 km
9-12

Aurora High School

Secondary: Public
0.74 km
9-12

Sir William Mulock Secondary School

Secondary: Public
3.86 km
9-12

Cardinal Carter Catholic Secondary School

Secondary: Catholic
4.07 km
Pre-Grade 9-12

St Maximilian Kolbe High School

Secondary: Catholic
1.58 km

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258 Earl Stewart Drive, Aurora | MLS: N9249861
For Sale
3 weeks ago
$4,999,900
  • 0 bath
  • 0 bed

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