29 George ST Active Save Request In-Person Tour Request Virtual Tour
Aurora,ON L4G 2S1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID N8335382
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $6,064
Tax Year 2023
Property Description
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.
Location
Province ON
County York
Rooms
Family Room No
Basement Partially Finished,Separate Entrance
Kitchen 1
Separate Den/Office 1
Interior
Interior Features Accessory Apartment
Heating Yes
Cooling None
Fireplace No
Exterior
Garage Private Double
Garage Spaces 6.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 6
Building
Foundation Concrete