4.54 acres of development opportunity ready for a visionary developer.
Land acquisitions have witnessed significant price appreciation. In the last five years, total land sales volume increased 23%. Finding the right parcel of land takes the right expert to guide this unique real estate market. Lofty federal immigration targets and demand for high-density multifamily land are fueling the need for the right opportunity. Although some developers are responding to the past interest rate hikes with a wait-and-see approach, progressive visionaries are ceasing the opportunity to act now while competition waits on the sidelines.
275 Westney Road South in Ajax, Ontario is a 4.54-acre, mostly rectangular shaped lot that sits only 750m from the Ajax GO Station. It is highly accessible to both highways 401 & 407 with 178 metres of frontage on Westney Road South.
Leveraging Colliers’ Expertise
When the property owner was looking towards the future, they knew their best advantage was to connect with a firm with deep expertise and resources to help unlock it’s potential. Represented by Colliers’ Tarek Mansour, Senior Broker on our investment team, Tarek brings unparalleled experience in shopping centres and redevelopment land – a specialization he calls “two worlds colliding”, referring to retail shopping centres and residential intensification coming together.
His knowledge is complemented with Colliers’ distinct suite of resources including research, data, and a network of coast-to-coast professionals with deep industry relationships.
A Premier Location in a Growing Community
275 Westney Rd. South in Ajax is strategically located in the heart of a community with a diverse population and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. There are several parks and green spaces in the area, including the Ajax Waterfront Park, which offers hiking trails, fishing, and picnic areas. Additionally, the Lakeridge Health Ajax Pickering Hospital is a mere 6 minutes from where the land sits. Overall, the location offers a comfortable suburban lifestyle with easy access to urban amenities and natural beauty.
Being only 3 minutes from the Ajax GO station and Highway 401, 275 Westney Rd. S is a perfect spot to keep future members of this community connected to the Greater Toronto Area.
This property offers endless opportunities for a developer with a vision, with the benefit of transit and transportation accessibility as their top priority. The vendor is also offering financing as an option in this current debt market. Neighbouring lands already have development plans in the works, turning this convenient community into a truly accessible hub.
To find out more about 275 Westney Road South in Ajax, contact Tarek Mansour and visit the Colliers listing available here.