88 Spruce Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Aurora , located at 88 Spruce Street, Aurora. This exceptional property is a legal multiplex that boasts five distinct units, making it an ideal investment for those seeking a lucrative rental opportunity in the highly sought-after Aurora Village. The property is set to offer vacant possession starting from 1st April 2025, allowing for a seamless transition for new owners or tenants.

Situated in the heart of Aurora Village, this Multi-Family Home for sale in Aurora is conveniently positioned within walking distance to Yonge Street, providing easy access to Go Transit, shopping facilities, schools, and parks. The vibrant community surrounding 88 Spruce Street, Aurora, enhances the appeal of this property, making it a desirable location for families and professionals alike.

The building itself is a well-maintained two-storey multiplex, constructed from durable brick, which not only adds to its aesthetic charm but also ensures longevity and low maintenance. With a total of 13 rooms, this property features an impressive nine bedrooms and six bathrooms, catering to a variety of living arrangements. The layout includes two one-bedroom, one-bathroom units, two two-bedroom, one-bathroom units, and one three-bedroom, two-bathroom unit. This diverse configuration allows for flexible rental options, accommodating different tenant needs and preferences.

While the property does not include a den or an additional kitchen, it features five well-appointed kitchens that are essential for each unit. The absence of a family room may be seen as a limitation; however, the spacious layout of the individual units compensates for this by providing ample living space for residents. Furthermore, the property is unfurnished, allowing new owners the freedom to style and furnish each unit according to their vision.

88 Spruce Street, Aurora, is equipped with essential amenities, including municipal water and sewer services, ensuring a reliable and efficient living environment. The heating system operates on water, providing consistent warmth throughout the property. Although there is no air conditioning or central vacuum system, the building's design and layout are conducive to comfortable living.

Parking is a significant advantage of this Multi-Family Home for sale in Aurora, with a private driveway accommodating up to five vehicles, in addition to a detached two-car garage. This feature is particularly appealing in a bustling area like Aurora, where parking can often be a challenge. The shared laundry facilities on-site further enhance the convenience for tenants, making this property a practical choice for potential renters.

The lot measures an impressive 50 x 137 feet, providing ample outdoor space for residents to enjoy. Although there is no pool or fireplace, the well-maintained exterior and the finished basement offer potential for further development or recreational use. The absence of additional land means that the focus remains on the existing structure, allowing for straightforward management and maintenance.

In summary, this Multi-Family Home for sale in Aurora, located at 88 Spruce Street, Aurora, represents an outstanding investment opportunity in a prime location. With its well-maintained structure, diverse unit configurations, and proximity to essential amenities, this property is poised to attract a range of tenants. Whether you are an experienced investor or a first-time buyer looking to enter the rental market, this multiplex is a compelling choice. Don't miss out on the chance to own this exceptional property in the thriving community of Aurora Village.

Aurora Village, nestled within the vibrant city of Aurora, offers a charming blend of suburban tranquillity and urban convenience. This picturesque area is characterised by its tree-lined streets, well-maintained parks, and a variety of local amenities, making it an ideal place for families and individuals alike. Residents enjoy easy access to shopping centres, schools, and recreational facilities, all while being surrounded by a welcoming atmosphere. With a strong sense of community spirit and a diverse population, Aurora Village presents a delightful setting for those seeking a balanced lifestyle in a thriving environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of all ages. Within a short distance, you'll find Aurora Heights Public School (0.6 km) and Devins Drive Public School (1.1 km), both offering elementary education in English and French, with ratings of 6.8 and 6.0 respectively. For secondary education, Aurora High School is just 1.5 km away, boasting a strong rating of 8.4, and St. Maximilian Kolbe Catholic High School is only 0.9 km from the property, with a rating of 7. Families seeking a Catholic education will appreciate Our Lady of Grace Catholic Elementary School and St. Joseph Catholic Elementary School, both within a reasonable distance, although they currently have lower ratings. Overall, this area is well-served by a mix of public and Catholic schools, providing a variety of educational options in both English and French. The proximity to quality schools enhances the appeal of this property, making it an ideal choice for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 586 residents, with an average household size of 2.2 individuals. The demographic profile indicates a mature community, with an average age of 41.6 years. The average household income is notably high at $125,000, although 9.2% of the population falls under the low-income category. The real estate market reflects a robust environment, with an average property price of $1,000,000. The community is characterized by a diverse social structure, where 51% of residents are single, and 43.33% of households include children. Additionally, 14% of the population consists of immigrants, contributing to the area's cultural richness. Renters make up 36.17% of the housing market, with condos representing 38.3% of the available properties. Education levels are impressive, with 67.82% of residents holding a college or university degree. However, a significant portion, 28.74%, is not in the labor force, which may reflect various lifestyle choices or retirement status. Overall, this community offers a blend of economic stability, educational attainment, and demographic diversity, making it an attractive location for potential homebuyers.