CAONAurora (Aurora Village)52 Centre Street

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52 Centre St, Aurora, ON

Name: 52 Centre St, For Sale in Aurora - Zoocasa
Brand: RE/MAX HALLMARK YORK GROUP REALTY LTD.
SKU: N13801838
Price: 1549000 CAD

House

For Sale

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663

MLS® N13801838

Overview

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $7,898

Days Active 2

Lot Size

Approx. Age

MLS® Number N13801838

Property Address: 52 Centre Street, Aurora (Aurora Village), ON, L4G1J8

Average square foot calculated using Size range provided by listing agent.

Description

INVESTOR OPPORTUNITY IN CENTRAL AURORA!An excellent opportunity to acquire a well established income producing triplex in a desirable Aurora neighbourhood, conveniently located close to shops, restaurants, schools, parks, trails, transit and everyday amenities.The property features three spacious residential units, each approximately 1, 305 sq. ft., offering 2 bedrooms, 2 bathrooms, two private entrances and one parking space.Current monthly rents are $2, 112 for Unit 1, $2, 610 for Unit 2 and $2, 900 for Unit 3, generating $7, 622 per month and $91, 464 in annual gross rental income. Reported annual operating expenses are approximately $14, 837.80, resulting in a reported NOI of approximately $76, 626.20.Unit 3 is currently owner occupied, with the owner is prepared to remain as a tenant for at least one year at $2, 900 per month. Adding to the property's future potential is the possibility of converting the three existing units into individually registered condominium units, creating an intriguing value add opportunity for a future owner. Preliminary discussions with the Town of Aurora have indicated that the concept may warrant further investigation. Any separation or condominium conversion would be subject to further due diligence, municipal and planning review, applicable approvals, legal requirements and building requirements.With strong existing rental income, three generously sized units and an interesting potential future repositioning opportunity, this property offers investors the chance to acquire a distinctive multi residential asset in an established Aurora location. (id:58753)Show Description

MLS® NumberN13801838

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementFinished, N/A

DrivewayNo Garage

Garage Spaces

HeatBaseboard heaters, Electric

A/CWindow air conditioner

Extras

Map

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