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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Aurora Village
MLS Listing ID N12574956
Annual Tax Amount $20,958
Tax Year 2025
Property Sub-Type Land
Property Description
This Site offers an excellent opportunity to acquire + 1 acre of prime development land, with fully approved site specific zoning, just north of the prominent intersection of Yonge Street and Wellington Street East. The Property has Site Plan Approval for a 6-storey mid-rise condo development, consisting of 136 residential units. This development concept was designed by ICON to maximize density, height and unit count permissible within the approved zoning, while minimizing parking. The development features one level of drive-in parking and one level of underground parking with access directly from Yonge Street. The Property is neighbour to a townhouse development by Treasure Hill, which is directly adjacent to the southern Site boundary. It is also across the street from an existing condominium developed by the Kaitlin Corporation. The Site's superior location offers excellent access to nearby amenities such as the Aurora Community Centre, the Aurora Sports Dome and Family Leisure Complex, in addition to a multitude of restaurants, shops, banks and schools. Regional connectivity is provided by the Aurora GO Station, which is 850m from the Site. It is currently under-going extensive renovations by Metrolinx to increase its scheduled trips along the Barrie GO Line to all-day two-way service every 15-minutes. Additionally, the Property benefits from the affluent, positive demographic trends of Aurora. This offering provides an excellent residential development opportunity in the heart of Aurora, with permissions and approvals in place.
Location
Province ON
County York
Community Aurora Village
Area York
Zoning Promenade Downtown PD1(542) Exception Zone
Exterior
Utilities Available Yes
Lot Frontage 278.0
Lot Depth 165.0
Others
ParcelsYN No
Listed by CBRE LIMITED
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