For Sale · Aurora · Vacant Land

$8,750,000

305 E WELLINGTON Street E, Aurora

About This Home

The details.

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 m&#178; (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. (id:66635)

Summarizing the highlights...

MLS® 40828915Listing courtesy of Corcoran Horizon RealtyView on map Street view

Property Details

Facts & features.

Property type: Vacant Land
Ownership: Freehold
Listed on: 2026-05-11
Days on market: 65
MLS number: 40828915
Data source: Cornerstone Association of REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

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My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$40,921

$7,000,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$40,921

Cash flow

-$40,921

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Aurora right now

Active listings

New this week

$1,198,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Aurora.

Household and demographic stats for Aurora, from the Statistics Canada 2021 Census.

62,057
Population (2021): 42
Median age: 21,505
Households: 2.9
Avg household size: 81.2%
Home ownership: $119,000
Median household income

Aurora market trends

The immediate block around this home (1.0 km radius): about 860 residents in 281 homes, 4,281 people/km² (dense urban).

Source: Statistics Canada 2021 Census, Aurora, Town, Ontario; block-level figures from dissemination area 35190871.

Schools

Nearby schools

K-12 schools closest to this home, with straight-line distances.

no score data
St Maximilian Kolbe High School
300 m
catholic · secondary
no score data
Aurora Preparatory Academy
670 m
independent · elementary
no score data
Holy Spirit Catholic Elementary School
1.1 km
catholic · elementary
no score data
ÉÉC Saint-Jean
1.1 km
catholic · elementary

Rental Market

Rentals nearby

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.