This commercial plaza condominium project consists of 7 buildings.
Upper-level units in buildings A and B may be used for a restaurant. Both upper-level and lower-level units have ground-level access and parking. Lower-level units in Building A & B can be used for a retail sales outlet. None of the units in Lower Level of Building A and B are suitable for restaurants.
Building C is standalone building and can be ideal for restaurants as well. Only 1 unit is left in the building. Unit C1 comes with a patio and can be ideal for restaurants, bars, and pubs.
If your buyer is considering unit C1 for day care, though the zoning allows Day Care, the Developer did not include in the Site Plan. To operate a day care you have to get minor variance from the Town of Ajax on your own. If any assistance is required to apply for minor variance, Developer may be able to help to a limited extend. If any new reports, not already done by the Developer, is required by the Town, it will be at your cost, if the Developer is willing to allow to have such reports done. Also note that dedicated parking may not be provided by the Developer.
Lower-level units in Building A & B may be ideal for professional offices and learning centres. At this point of time most of the lower-level units are sold. Please see he price sheet for availability.
Building G is stand alone building with 2 units. G1 area is 2,689 sq. ft and G2 is 3,186. Total area of this building is 5,875 sq. ft. If your client intends to have a grocery store, this may be an ideal building
Exclusive uses were given to Medical Clinic, Physiotherapist, Dentist, Drive Thru Burger Restaurant (likely Burger King) and Mexican Restaurant (likely Taco Bell). No further exclusivity will be given.
You may also want to check the below link for more details on the project.
https://srmsquare.com/?ag=
Please see attached Town of Ajax permitted zoning for Prestige Employment as of 1st Nov 2023. There has been no further update or change by Town of Ajax after Nov 1st, 2023, zoning by-law report, to the best of my knowledge. Based on the attached doc, Day Care is part of permitted uses in Town of Ajax under PE zoning. Please do double check with Town of Ajax as part of client’s due diligence.
You may download Ajax Zoning by law by clicking the below link.
Future Development:
This plaza is part of Phase 1 in this location. 9 acres of land, located behind this Phase 1 commercial plaza is in the final stages of rezoning approval for mixed use condominium project with estimated construction space of around 800,000 square feet for residential condos. It is estimated that there may be 4 condominium towers development in the next 5 to 7 years period.
Please see below payment structure.
? At the time of signing the Agreement of Purchase and Sale $5,000.
? 30 days from the date of signing the agreement – amount equal to 5% of the purchase price less initial deposit of $5,000.
? 90 days from the date of signing the agreement – amount equal to 5% of the purchase price
? 120 days from the date of signing the agreement – amount equal to 5% of the purchase price
? 180 days from the date of signing the agreement – amount equal to 5% of the purchase price
? On the occupancy date (estimated Dec 2025) - amount equal to 5% of the purchase price
