Lennard Commercial Realty (“the Advisor”) has been exclusively retained by the client (“the Vendor”) to facilitate the sale of a prime residential development site comprised of 11.46 acres in the Vellore Village community within the City of Vaughan, Ontario (“the Property”). Strategically positioned on the south side of Teston Road, west of Weston Road, the Property is located within the Block 40/47 Special Policy Area, implemented by the City of Vaughan (2020). The Block 40/47 Area Specific Policies were approved by the Local Planning Appeal Tribunal on June 19, 2020, redesignating the Property and its surrounding areas to “Low Density Residential” and “Valley Lands”. The “Low Density Residential” designation permits a variety of low-rise housing types, including single-family homes, semi-detached homes, traditional townhouses, and street townhouses. Surrounded by established developers and ongoing residential developments, the Property benefits from its prime location just minutes from Highway 400 and in close proximity to a diverse range of retail amenities, offering an exceptional opportunity for residential development.