Who wants to add an apartment building to there portfolio?
Any sophisticated investors looking for a well equipped apartment building? Apply within!
A rarely offered complex has just been released on the open market today and it’s a good one. 90 Gurnett St in Aurora Ontario houses 51 units in which average just shy of $1000.00 per unit a month in rental income. It's tough enough to find any apartment building regardless of its shape; investor’s scoop them up as soon as they get a whiff of it. This one is no slouch as it’s in great shape and kept up very well.
Why invest in the Town of Aurora?
Aurora is a small town just north of Toronto that has a population of 50,000 which has a median household income of $143,000 per year, compared to the average Ontario household income of $79,000 per year. Auroras demographics is comprised of a diverse range in ethnicities, cultures and rich in intellectual capital. 38.7% of residences in Aurora hold University degrees, diplomas or certificates which is higher than the provincial average. Aurora is mainly a young, family centred community with 35% of the population is between the ages of 20 and 44. It seems as people move in they choose to stay for the long haul. With only a 40 minute drive into Toronto and an hour drive into Muskoka it's no wonder why younger families are calling Aurora home.
What makes this opportunity so attractive is that it's located in Aurora.
Aurora is a scenic town situated on the rolling hills of the environmentally significant Oak Ridges Moraine.
A mosaic of contemporary living in charming heritage surroundings, Aurora continues to attract those looking for the ideal combination of small town friendliness with urban amenities. Aurora is a bustling community that has maintained its quaint town feel, and is a popular residential destination for those who appreciate its central location in the Greater Toronto Area.
Aurora boasts an exciting array of sporting and cultural facilities, more than 500 acres of parkland, pedestrian trail systems, championship golf courses, fine dining, theatre, shopping, and a myriad of community activities.
The location is ideal as the property is a block away which runs parallel to Yonge St. It’s ideal for either a REIT or even a small group of real estate investors who want to add a property to their portfolios which is turnkey and in positive cash flow after tax.
We are excited in being involved in the project and look forward to facilitating the sale.
If you require more details please call Vincent La Fiura or Tony Carnovale at 416-769-1616.
P.S- there will be a public open house for any prospective buyers on Saturday November 17 between the hours of 1-4 p.m.