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325 Eramosa Road Image 1

$7,500,000

Apr 1Land For Sale
bedroomsbed
washrooms0bath
MLS - #X12053714

325 Eramosa Road, Guelph, ON N1E 2N1

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Average Price
750000000.0%
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Price Comparison

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Property Description

Property type

Land

Lot size

N/A

Style

Approx. Area

N/A

About 325 Eramosa Road

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.

Home Overview

Last updated

Apr 16

Virtual tour

None

Basement information

Building size

7740

Status

In-Active

Property sub type

Land

Maintenance fee

$N/A

Year built

2024

Listed by MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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