Cedar Street
Ajax, ON
- 0.79 sqft
- Land
- 91 days on market
The Site is strategically positioned on Cedar Street, immediately northeast of Highway 401 at Westney Road South and is comprised of 0.786-acres of flat, developable land. The Property benefits from RM6 zoning and a Low Density Residential Official Plan designation, with conditional site plan approval in place for the development of 20 back-to-back townhouse units. The development will be comprised of three-bedroom units totaling approximately 27,811 sq. ft. of gross floor area (GFA), supported by an efficient parking ratio of 40 residential spaces (2 per unit) plus visitor and accessible parking. The current plans provide flexibility and optionality to work well as a condominium or a purpose built rental development. All drawings are available in the online property library. Final drawing revisions are currently being prepared, allowing a Purchaser to advance the project with a high degree of entitlement certainty. Given all of the milestones reached to date, construction is anticipated to be able to begin by late 2026.
Listing Details
- Listed
- June 8, 2026
Price History
Property
- Lot Size
- 245 x 140 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Knapton Ave
- Zoning
- RM6
- Parcel Number
- 264470207
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Residential
Community
Postal area L1S
- Population
- 42,045
- Private dwellings
- 16,037
- Median age
- 42
- Average household size
- 2.7
- Median household income
- $100,000
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
Commercial in Ajax · last 12 months
- Median sold price
- $840,000
- Homes sold
- 1,028
- Median days on market
- 17
- Sale-to-list price
- 99.6%
Based on 1,028 recorded sales of commercial properties in Ajax over the last 12 months.
Listed by
CBRE LIMITED
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