Freehold mixed-use investment property on Yonge Street in historic Downtown Aurora. 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.