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Investment signal

$1,448,800

15231 YONGE STREET

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Aurora (Aurora Village). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime Downtown Aurora Investment Opportunity! Exceptional location in the heart of Aurora's vibrant downtown core with premium exposure along Yonge Street. This fully leased property offers strong, stable income-an ideal opportunity for investors seeking a turnkey asset in a high-demand area. Positioned just steps from the prominent intersection of Yonge Street and Wellington Street, the property benefits from outstanding visibility, foot traffic, and accessibility. Surrounded by established businesses, institutions, and key amenities, it is perfectly suited for professional offices, financial services, or end users looking to secure a prime presence. Zoned C-2, the property provides excellent flexibility and long-term potential within one of Aurora's most desirable commercial corridors. Additionally, this parcel falls within the Downtown Aurora Community Planning Permit System (CPPS) Urban Study Area, offering future planning and redevelopment upside. A rare opportunity to acquire a fully tenanted, income-generating asset in a landmark location. (id:65958)

Subtype: Retail
Community: Aurora Village
Living area: 3,066 square feet
Lot dimensions: 22.42 x 147.39 FT
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $12,811
Zoning: Retail/Office/Residential LC2
Photos: 7
MLS#: N13037928
Area: AURORA_(AURORA_VILLAGE)

Features and systems

Heating

Baseboard heaters

Cooling

Partially air conditioned

Negative cash flow ~$1,540/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.38%

Cap rate

3.59%

GRM

16.7

Break-even rent

$8,871

Financing

Down payment$289,760

Loan amount$1,159,040

Mortgage$5,873/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$664

Insurance$80

Maintenance$1,207

CapEx reserve$604

Vacancy loss$363

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,873/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.