305 WELLINGTON Street East, Aurora, Ontario, L4G7M9

2.20 acres lotListed 64 days ago

Overview

This lot in Aurora is for sale.

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Description

Rare, fully entitled multi-residential development opportunity in the heart of Aurora. Approved for a 6-storey, 149-unit purpose-built rental building, with OLT approval in place and Site Plan Agreement executed with the Town of Aurora. The site is substantially de-risked from a planning perspective, with an extensive suite of technical, engineering and environmental studies completed. Prominent location at Wellington Street East and John West Way, less than 1 km from Aurora GO Station, with York Region Transit at the site and immediate access to the Holland River Valley Trail system. An exceptional opportunity to acquire a large-scale, shovel-ready rental development site in one of York Region's most established and desirable communities. (id:66096)

Property Details

MLS®: 40859579
Property Type: Vacant Land
Zoning: C-6
Lot Size: 2.20 acres
Frontage: 328 ft
Price per Acre: $3,636,364 per acre
Basement: None
Ownership: Freehold
Property Tax: $37,543/yr
Listed: 64 days ago

Features

Lot Features: Corner Site, Visual exposure

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Aurora listings, avg age

59d

List price

$8M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Aurora is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Corcoran Horizon Realty · Derek Rose

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4G)

This home lists at $8,000,000, about 67.2× the local median household income of $119,000.

Carrying it typically needs a household income of about $1,562,680 (20% down, 25-yr amortization, stress-tested) — roughly 1213% above the area median.

Median household income: $119,000
Population: 62,061
Median age: 42
Owner / renter: 81% / 19%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L4G)

$8,000,000

For sale

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Financing

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305 WELLINGTON Street East, Aurora - Vacant Land for Sale