Connection to Highway 7 VIA would be challenging. Maybe something at Wallace St, but there would be a fair amount of expropriation (there is a condo proposal there)
It is also quite far from Woodbridge Ave
They could consider Islington @ Steeles and Kipling by the Woodbridge Fair Grounds.
The latter has a good opportunity to develop old Woodbridge into a transit orientated community IMO.
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Wallace St to the right:
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It really depends on how they envision the station.
Closer to Hwy 7 would create a connection with VIVA service which is a plus. However would likely be the most complex.
Somewhere in old Woodbridge between Kipling and Islington would be great from TOC perspective. However there isn't the population density to support a station without transit connections (and there are virtually zero opportunities to create transit connections there) and not enough space to build a park and ride station.
Next option might be Langstaff, but is constrained by property on either side of the railway. Depending on the level of expropriation there could be a significant park and ride station built there. The road network would then require a major overhaul
A station at HWY 27 and Rutherford, or Major Mackenzie may make the most sense from a park and ride perspective. The newly opened 427 ramp is nearby, and Rutherford/Major Mackenzie are fairly significant regional roads right now. Any further North and we become more Kleinburg station than Woodbridge.
My preference would be for a "local town" station in Old Woodbridge, and a commuter park N ride station somewhere near the 407/Islington area