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$ 7,500,000
Est. payment | /mo
7,740 SqFt
$ 7,500,000
Est. payment | /mo
7,740 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 7,740 sqft
Price per Sqft $968
Subdivision St. George'S
MLS Listing ID X12053714
Annual Tax Amount $43,341
Tax Year 2024
Property Sub-Type Land
Property Description
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) up 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 Vendors 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 or purpose-built rental 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 nearby. 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.
Location
Province ON
County Wellington
Community St. George'S
Area Wellington
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 153.0
Lot Depth 641.0
Others
Security Features Yes
Listed by MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN