Business For Sale · Land

669 TAUNTON ROAD W, Ajax (Northwest Ajax)

669 TAUNTON ROAD W, Ajax (Northwest Ajax), ON L1T4R6

$8.5M total

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Asset Class

Land

Size

—

Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

86%

Lot Size

4.01 ac

About this property

Rare chance to acquire two contiguous parcels comprising approximately 4.01 acres (174,655 SF) of development land with a combined 478 feet of prime frontage on Taunton Road West, one of Ajax's key east-west arterial corridors, located in the rapidly growing Northwest Ajax area.VENDOR FINANCING OR JV OPPORTUNITIES AVAILABLE The properties are currently zoned CR (Commercial Residential) under the Town of Ajax Zoning By-law, permitting a range of residential and commercial uses, subject to zoning regulations. and municipal approvals. The site offers strong long-term redevelopment and intensification potential within an established growth corridor.Strategically located minutes to Highways 401, 407, and 412, the site benefits from excellent regional connectivity and proximity to established residential neighbourhoods, retail amenities, schools, and transit. The parcels feature an irregular configuration, direct ingress/egress from Taunton Road West, and existing private septic servicing. Buyer to verify future servicing requirements.Buyers are advised to independently verify the availability, capacity, timing, and costs of municipal servicing, as well as all development and redevelopment potential. The lands are currently improved with two detached dwellings: however, the properties are being marketed and valued for land and redevelopment potential only.Opportunities of this scale, frontage, and location along Taunton Road West are increasingly limited. Ideal for developers, builders, and land investors seeking a sizeable assembly in Durham Region growth corridor. The offering consists of:649 Taunton Road West (Roll No. 180501001113305)669 Taunton Road West (Roll No. 180501001113310)Each property is legally separate with its own roll number; however, they are being marketed collectively as a single land assembly.Owner highly flexible with price and terms. Buyer to verify zoning, permitted uses, density, servicing, and development potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$8.50M
Down payment30% · $2.55M
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$39K

Projected NOI

$309K

Annual cash flow

$-162K

Cash-on-cash

-6.35%

DSCR

0.66

Going-in cap

3.64%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

121,078

Households

44,485

Median income

$128,500

Median age

37.6

Daytime population

112,781

5-yr growth

6.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 669 TAUNTON ROAD W, Ajax (Northwest Ajax).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.