The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Freehold mixed-use property on Yonge Street in historic Downtown Aurora. Ideal for End User, Investor or Developer. Approximately 5,495 sq ft of finished space across three components: main floor retail/commercial frontage with east exposure, a self-contained second floor residential unit, and a separate rear three-bay workshop with laneway access. The main floor offers approximately 2,522 sq ft of commercial space currently operating as an art studio. The 2,047 sq ft second floor residence features three bedrooms, two bathrooms, kitchen, living room, separate laundry room and a private balcony. The basement provides additional functional space along with storage and utility areas. The separate rear 1,327 sq ft three-bay workshop is currently leased to a home staging company. Zoned C2, located directly across from the newly constructed Aurora Town Square, and situated within the Aurora Promenade Secondary Plan area. Property is included within the Town of Aurora's Community Planning Permit System (CPPS) area, a planning framework adopted by the Town to support downtown intensification, subject to heritage protections and applicable design standards. Property fronts the Town of Aurora's Aurora Promenade Streetscape Revitalization project, currently in design phase, with construction targeted to begin in 2027. Planned project elements include decorative paving, decorative LED streetlighting, landscaped boulevards, enhanced sidewalks and crosswalks, accessibility upgrades, lay-by parking, and replacement of underground sanitary infrastructure. Convenient access to transit, restaurants, parks and downtown amenities, with street and onsite parking.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$10,280/mo
Mortgage (principal + interest)$8,788
Property taxFrom listing: $17,906/yr$1,492
Minimum 20% ($469,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$469,800
Ontario land transfer taxProvincial brackets, no first-time refund$45,200
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$517,800
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Aurora has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
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