52 Centre Street, Aurora
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:1945)
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Property details for 52 Centre Street, Aurora
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 6
- Lot Size
- 120.2 x 95.6 FT
- Stories
- 2
- Basement
- Finished, N/A
- Parking
- No Garage
- Heating
- Baseboard heaters, Electric
- Cooling
- Window air conditioner
- Exterior
- Brick
- Annual Taxes
- $7,898
Nearby Listings Stat
Estimated price and comparable properties near 52 Centre Street
Active Listings
3
Min Price
$1,549,000
Max Price
$3,280,000
Avg Price
$2,309,333
Days on Market
56
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Aurora, Ontario
Population
474
Median Age
41.5
Median Income
$36,949
Dwelling Value
$799,085
Housing Tenure
Owners 60%
Renters 38%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 3,011.4/km²
Avg Shelter Cost: $1,690/mo
Owners with Mortgage: 54.5%
Owners Spending 30%+: 21.7%
Tenants Spending 30%+: 50%
English only: 84.2%
English and French: 15.8%
Median Household Income: $85,760
Median Employment Income: $37,248
Price History
Listed
September 18, 2026
by RE/MAX HALLMARK YORK GROUP REALTY LTD.
Current Price
$1,549,000
Type
Multi-family
For Sale
