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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.
Overview
Property ID:
HML-438188438302
Type:
Land
Square:
7,740 ft2
Price:
$7,500,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Yes
Heating:
Gas Forced Air Closed
ParkingFeatures:
In/Out
YearBuilt:
Unknown
TaxAnnualAmount:
43341.18
PossessionDetails:
TBD
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