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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 8,750,000

Est. payment -/mo

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Active

305 Wellington ST Aurora, ON L4G 7M9

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40828915

Annual Tax Amount $37,543

Property Sub-Type Residential

Source Cornerstone

Property Description

Rare, fully entitled, 2.2+- acre, shovel-ready development site in the heart of Aurora's urban core. Ontario Land Tribunal (OLT) approval in hand (Oct. 2023) for a 6-storey, 149-unit purpose-built rental apartment building — eliminating years of planning risk and cost for the buyer. Site Plan Agreement executed with the Town of Aurora. All technical studies complete: EIS, geotech, FSR/SWM, noise, traffic, arborist, landscape, and more. Less than 1 km to Aurora GO Station with York Region Transit on both street frontages — a documented rent premium in the Aurora PBR market. Holland River Valley Trail immediately adjacent, providing a permanent natural green space buffer and amenity. 8,908 m² (0.89 ha) at the NE corner of Wellington St E & John West Way. An exceptional opportunity for a dedicated owner-operator or long-term rental investor.

Location

Province ON

County York

Area Aurora

Zoning C-6

Direction North East Corner of John West Way and Wellington Street East

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Other

Lot Frontage 288.0

Lot Depth 252.0

Garage No

Building

Lot Description Urban, Corner Lot, High Traffic Area, Highway Access, Public Transit, Schools, Visual Exposure

Faces North East Corner of John West Way and Wellington Street East

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 036410888

Ownership Freehold/None

Listed by Corcoran Horizon Realty

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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