305 WELLINGTON Street
Aurora, Ontario
Vacant Land
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.
Price History
Schools
Secondary
- St Maximilian Kolbe High School0.3 km
Catholic · York CDSB · 1245 students
Grade 10 literacy: 87% met the provincial standard
- Dr G W Williams Secondary School1.3 km
Public · York Region DSB · 1515 students
Grade 10 literacy: 94% met the provincial standard
- ACCESS Program1.8 km
Public · York Region DSB
Elementary
- Holy Spirit Catholic Elementary School1.1 km
Catholic · York CDSB · 400 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 82% met the provincial standard
- ÉÉC Saint-Jean1.1 km
French Catholic · CS catholique MonAvenir · 145 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Hartman Public School1.1 km
Public · York Region DSB · 550 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 76% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L4G
- Population
- 62,061
- Private dwellings
- 22,255
- Median age
- 42
- Average household size
- 2.9
- Median household income
- $119,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Vacant Land in Aurora · last 12 months
- Median sold price
- $1,118,000
- Homes sold
- 681
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 681 recorded sales of vacant land properties in Aurora over the last 12 months.
Location
Mortgage Calculator
$1,750,000
Estimated Monthly Payment
$42,986
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $42,986/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $2,188/mo
Estimates only. Consult a financial advisor.
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