Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$1,549,000 $8,315 est/mo Sourced by Back At You
52 Centre Street,Aurora (Aurora Village), ON L4G1J8
Aurora (Aurora Village), ON L4G1J8
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:13843)
Details
| MLS # | N13801838 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 37 |
| Listing Provided By | RE/MAX HALLMARK YORK GROUP REALTY LTD. | MIKE RUSSO |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Window air conditioner |
|---|---|
| Heating | Baseboard heaters, Electric |
| Appliances | All, Window Coverings |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7897.8 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Aurora (Aurora Village) |
| Postal Code | L4G1J8 |
| Listing VS Median (in L4G1J8) | |
Price: $1,549,000 low | high Med: $1,549,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $443 low | high Med: $443 On site: 37 low | high Med: 37 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Aurora (Aurora Village) |
| Postal Code | L4G1J8 |
| Listing VS Median (in L4G1J8) | |
Price: $1,549,000 low | high Med: $1,549,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $443 low | high Med: $443 On site: 37 low | high Med: 37 | |
Nearby Listings (Within 1/4 mile)
Price: $1.161M - $1.936M
sqft: 2,500 - 4,000
Listing Updated: September 29, 2026 at 1:14:15 AM PDT
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