Karim Ellis

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29 GEORGE STREET, Aurora, Ontario

$2,188,000

4 Beds
2 Baths

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. (id:23309)

Listing ID: N8335382
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Primary Bedroom	Second level	4.19 m x 3.51 m
Bedroom	Second level	3.58 m x 3.49 m
Bedroom	Second level	3.51 m x 3.34 m
Other	Lower level	-3.0
Living room	Main level	5.44 m x 3.91 m
Dining room	Main level	4.05 m x 3.46 m
Kitchen	Main level	4.08 m x 3.45 m

Details

Ownership: Freehold
Parking Spaces: 6
Transaction: For sale
Zoning Description: RA1, (449)

Building

BasementType: N/A (Partially finished)
Basement Development: Partially finished
Basement Features: Separate entrance
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Construction Style Attachment: Detached
Exterior Finish: Brick
Fireplace Present: False
Flooring: Hardwood
Foundation: Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 1.5
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 62 ft ,4 in
Size Irregular: 62.36 x 208.43 FT

Listing provided by ROYAL LEPAGE YOUR COMMUNITY REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 29 GEORGE STREET in Aurora Ontario. It was last modified on September 9th, 2024. Contact Karim Ellis to schedule a viewing or to discover other Aurora homes for sale.

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