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$1,052,000
Guelph
500 Elizabeth Street, Guelph (Grange Road), Ontario, N1E6C1
This industrial property in Guelph is for sale offering roughly 10,107 sq ft of space.
Free-standing industrial building available in east central Guelph. Just off HWY7 . Totally renovated with new plumbing, new electrical system, new HVAC, new washrooms, new office and a small kitchen. New roof. Permitted use includes with zoning B4 - manufacturing, contractor yard repair service, towing/trucking, veterinary service, warehouse housing, and more. Temporary agricultural use permitted- Potential for Cannabis production, subject to minor variance approval from city. Currently operating as a non-woven grocery bag manufacturing business. All manufacturing equipment is new and imported from China ( Not included in price) Hundreds of thousands spent of upgrades. Please see the attached list. Approximately: 250,000 Spent of Equipment, $100,000 on new roof, $550,000 of all other upgrades, including about 6 feet below grade filling, new beam for structure load bearing, Furnace, Electric Three phases, AC, All new HVAC lines, Outside stucco , New gates and more. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 197 days on market, against an average age of 44 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.
This industrial in Guelph (Grange Road) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,052,000, about 11.0× the local median household income of $96,000.
Carrying it typically needs a household income of about $205,492 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1E)
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