25 29 George Street, Aurora
- Living area: 0.53 sqft
- Type: Lots and Land
- Added: 128 days ago
- Updated: 72 days ago
- Last Checked: 15 days ago
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.
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: 126 x 200 FT
Location & Community
- Directions: Yonge Street & Wellington Street West
Utilities & Systems
- Sewer: Sanitary sewer
- Utilities: Sewer, Cable
Tax & Legal Information
- Tax Annual Amount: 15286.88
- Zoning Description: RA1, (151) And RA1, (449)
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