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Aurora Village, Aurora
$1,038,000
RARE OFFERING WITH ENDLESS POTENTIAL IN COVETED AURORA VILLAGE SURROUNDED BY LUXURY HOMES! Attention Builders, Developers and Visionaries! This is your chance to secure a 54 x 134.5 ft lot in the prestigious Aurora Village, surrounded by multi-million dollar homes on a picturesque tree-lined street. The existing 1 1/2 storey home invites creative redesign or the opportunity to build new, giving you the freedom to create a luxury residence that matches your vision. The backyard is flat, private and framed with mature hedges, and a newer east facing fence. This provides an ideal setting for outdoor living and custom landscaping. This property is zoned R3, permitting a detached dwelling and second suite dwelling, with potential for a third suite. Significant sewer infrastructure improvements were recently completed in preparation for future construction, and a new topographical survey is available to help guide future plans. Recent tear-downs and custom builds on Tyler Street and in the surrounding area have proven strong market demand and premium sale values. All of this is minutes to top-rated schools including St. Andrew's College, the Aurora Cultural Centre, Town Park, the library, boutique shopping, vibrant dining and GO Transit. This rare property offers the lifestyle, location and limitless potential to make your mark in one of Aurora's most admired neighbourhoods.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,556 |
| Lot Size | 54 ft x 134.5 ft |
| mls© Number | N13447026 |
| Listed By | RE/MAX HALLMARK PEGGY HILL GROUP REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,313
- Property tax
- $463
- Heat allowance
- $150
- Housing costs
- $5,926 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$182,000
gross annual household income
- Payment at 4%
- $4,368 / mo
- Cash down
- $207,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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