106 Carden Street, Guelph (Downtown) - Business for Sale
106 Carden Street, Guelph (Downtown), Ontario, N1H3A3
This business in Guelph is for sale offering roughly 53,372 sq ft of space.
Description
"Power of Sale". Investment Opportunity: The Royal Inn & Suites Is A Historical Hotel Located In The Heart Of Downtown Guelph. Nestled Amongst Dozens Of Restaurants, Pubs, Unique Retail Stores, And Coffee Shops. It is on the main street of downtown core of Guelph. Just Steps To Guelph Transit, Via Rail Train Station, And Canadian Cab. Guelph Civic Museum. Three of Guelphs biggest and most beautiful parks surronded: Exhibition Park, Royal City Park, Riverside Park. High Tranfic of the students of University of Guelph ,Conestoga College. Many Future Possibilities For Growth. Conestoga college will move the building cross street in 2025, it will create a 5000 students campus. Building With Commercial And Residential Mix And Many Future Possibilities For Growth. The owner has porcbility to Transform Current Hotel To 64 Fully Furnished Apartment Suites, And Expand Commercial Storefront In Busy, Or Developing Condo With Income (id:66096)
Property Details
- MLS®
- X13092956
- Property Type
- Business
- Zoning
- C3
- Parking
- 21
- Interior Size
- 53,372 ft²
- Lot Size
- 1.22 acres
- Frontage
- 235 ft
- Building Area
- 53,372 ft²
- Heating
- Baseboard heaters, Forced air, Coil Fan
- Cooling
- Fully air conditioned
- Garage
- Other
- Property Tax
- $98,000/yr
- Listed
- 182 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 182 days on market, against an average age of 67 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Guelph (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N1H)
This home lists at $12,000,000, about 155.8× the local median household income of $77,000.
Carrying it typically needs a household income of about $2,344,020 (20% down, 25-yr amortization, stress-tested) — roughly 2944% above the area median.
- Median household income
- $77,000
- Population
- 42,178
- Median age
- 41.2
- Owner / renter
- 54% / 46%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N1H)
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$12,000,000
Guelph