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    For Sale - 52 Centre Street, Aurora, Ontario

    Est payment $7,438/mo
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    Views   1
    Time on Jump  36 day

    AI Summary *

    • Established triplex in a desirable Aurora neighborhood with strong rental income.
    • Three spacious units with private entrances and one parking space each.
    • Current monthly rents total $7,622, with a steady annual gross income.
    • Owner-occupied unit ready to stay as a tenant for at least a year.
    • Potential to convert units into individually registered condominiums with proper approvals.




    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.
    Listing IDN13801838
    Address52 Centre Street
    CityAurora, Ontario
    Price$1,549,000
    Bed / Bath6 / 6 Full
    Style2-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Accessory ApartmentOwnership FreeholdBasement FinishedFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 3.00
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    Listing Brokerage: RE/MAX HALLMARK YORK GROUP REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    52 Centre Street
    Aurora , Ontario
    6 6 $1,549,000
    Get more info