Property Information:

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:27)

Building Features:

Style: Triplex
Building Type: Triplex
Air Conditioning: Yes
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 3500 - 5000 sqft
Foundation Type: Poured Concrete
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: Window air conditioner
Appliances: All, Window Coverings

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 6
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 95.6 Feet
Lot Frontage: 120.2 Feet
Lot Size: 120.2 x 95.6 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: RE/MAX HALLMARK YORK GROUP REALTY LTD.

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Demographic Information of 52 CENTRE STREET, Aurora, Ontario, L4G 1J8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$142,622.74

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.51 %

High school certificate or equivalent

27.39 %

Apprenticeship trade certificate/diploma

4.85 %

College/non-university certificate

23.0 %

University certificate (below bachelor)

1.37 %

University Degree

33.88 %

Commuter

Travel To Work

By Car

77.84 %

By Public Transit

7.87 %

By Walking

8.36 %

By Bicycle

0.69 %

By Other Methods

5.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.64 %

Houses

54.36 %

52 CENTRE STREET, Aurora, Ontario, L4G 1J8