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8847 Schaefer Ave 22.95 Acres of Commercial Land Offered at $63,637,598 CAD in Ontario, CA 91761
EXECUTIVE SUMMARY
The Property has recently been rezoned for high-density residential, allowing for a meaningful unit yield in close proximity to the planned 200-acre Ontario Sports Empire and other major regional investments. The site benefits from strong surrounding momentum, infrastructure investment, and a clear path toward residential demand driven by population growth and employment expansion.
The adjacent ±56.49-acre site is zoned for a mix of high-density residential, medium-density residential, and neighborhood commercial, enhancing the potential for a complementary or master-planned development vision across both properties.
This offering is well suited for developers seeking a standalone high-density project or those looking to control a strategic portion of a larger development corridor with long-term upside.
PROPERTY FACTS
| Price | $63,637,598 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 22.95 AC |
| Zoning | High Density Residential | ||
| Price | $63,637,598 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 22.95 AC |
| Zoning | High Density Residential |
1 LOT AVAILABLE
Lot
| Price | $63,637,598 CAD | Lot Size | 22.95 AC |
| Price Per AC | $2,772,880.20 CAD |
| Price | $63,637,598 CAD |
| Price Per AC | $2,772,880.20 CAD |
| Lot Size | 22.95 AC |
Approximately 22.95 acres of flat land at Vineyard & Schaefer in Ontario, CA divided between two parcels. Utilities/infrastructure are not yet on-site but will be accessible due to major city-backed development in the area.
DESCRIPTION
High-density residential development opportunity in Ontario, CA. The ±22.95-acre offering consists of two contiguous parcels that have recently been rezoned for High Density Residential, allowing for multifamily development at significantly higher densities than surrounding legacy zoning. The Property is strategically located adjacent to a larger ±56.49-acre residential and mixed-use development site that is zoned for a combination of high-density residential, medium-density residential, and neighborhood commercial, creating a strong opportunity for coordinated or phased development within a growing residential corridor. The site benefits from proximity to the planned 200-acre Ontario Sports Empire, regional infrastructure investment, and continued population and employment growth in the City of Ontario. The recent rezoning positions the Property well for apartment, stacked flat, or other high-density residential concepts, subject to final site design and City approvals. This offering is well suited for developers seeking a standalone high-density multifamily project or those looking to secure a strategic component of a larger assemblage with long-term upside.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $571,175 CAD | |
| Land Assessment | $12,851,448 CAD | Total Assessment | $13,422,623 CAD |
PROPERTY TAXES
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8847 Schaefer Ave
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