2.13 ACLand$8,500,000Sale
2.13 AC
Land
$8,500,000
Sale
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• 2.13-acre rectangular site situated in a central location of north Guelph • 153 feet of frontage on Eramosa Road and 641 feet of frontage on Stevenson Street North • Improved with a 7,740 square foot, single tenant automotive building • As of right land use designations allow 129 units and 10-storeys • Approximately 1.5 kilometres from Guelph Central GO providing direct access to Union Station (Toronto) and Kitchener • Less than 1 km from Guelph General Hospital, one of the highest ranked facilities in Canada • Surrounded by national retailers including Zehrs, Food Basics, Shoppers Drug Mart, Rexall, TD Bank, and Starbucks • Immediately adjacent to John F. Ross Collegiate (public high school) • Less than 250-metres from Ottawa Crescent Public School • Within easy walking distance of downtown Guelph (1.3 kilometres) • Asking price of $8,500,000, VTB available to qualified proponents • Offers presented and addressed upon receipt • Do not visit the business without express consent from the Advisor
The Property
Asking Price$8,500,000
Available Space2.13 AC
SourceDirect
The Lot
The Subject Property comprises 2.13 acres of high-density land in a central location in north Guelph. Situated on Eramosa Road, a major throughfare and within 1.5 kilometers of Guelph Central GO, residents will benefit from smooth connectivity to the City of Toronto, Kitchener and the tri-city area. Existing land use designations allow the development of 129 residential units (150 units per hectare) to 10 storeys, with retail uses at grade. The property is currently improved with a 7,740 square foot, single tenant automotive building which is fully occupied by the Vendor’s business. Situated less than 1 kilometre from Guelph General Hospital, the property is a perfect location for retirement, assisted living or long-term care. Conventional condominium development would benefit from the central location of the property, which offers easy access to downtown Guelph via Eramosa Road. This is also a great place to raise a family, with the local Secondary School abutting the property and the local Public School just a couple of blocks away. The site can also support triple A retail. It is surrounded by national retailers including Zehrs, Food Basics, Shoppers Drug Mart, Rexall, TD Bank, Starbucks and Tim Hortons.
Property TypeLand
Up to $500K for Ontario businesses
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