Primary photo of 305 E WELLINGTON Street E, Aurora
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Vacant Land For Sale

$8,750,000

MLS® Number: 40828915

305 E WELLINGTON Street E, Aurora, Ontario

About This Property

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.

Property Details

Interior Details

Basement

None

Land & Location

Community Features

High Traffic Area

Frontage Length

288.0 feet

Lot Features

Corner Site, Visual exposure

Postal Code

L4G7M9

Subdivision Name

Aurora

Listing & Financials

Listing Office

Corcoran Horizon Realty

Originating System Name

Cornerstone Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Street Dir Prefix

East

Mortgage Calculator

20% ($1,750,000)
5.5%
25 Years

Estimated Monthly Payment

$42,986

Principal and interest only. Actual rates may vary.

Location & Map

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