701 Eramosa Road, Guelph, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Grange Road. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,149,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 473.35 x 349.79 ft lot size
- Convenient other garage included
- equipped with no central cooling and highly efficient other heating
Description
ATTENTION DEVELOPERS!! Now is the time to invest on a property with huge development potential with a favorable 8.49% mortgage rate on a $1,050,000.00 fully open 2 year term vendor take back mortgage (No Lender or Broker Fees) This 1.88 acre commercial / residential property (Code 421) offers amazing development potential with the City of Guelph. Ideally located at the corner of Eramosa Road and Speedvale Avenue and close to all amenities. Beyond its development potential this property provides for a 3 bedroom all brick bungalow, attached and detached garage. Commercial Building sold "AS IS" has 2000 sq/ft industrial, 960 sq/ft general purpose and 700 sq/ft office industrial (MPAC SOURCE) Phase II environmental report can be provided with conditional offer.
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Pricing & Value Insights
Data-driven valuation for 701 Eramosa Road, Guelph, ON N1E 5Z1
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About Purchasing a Home in Guelph, ON
For a property listed at $2,149,000 in Guelph, the legal minimum down payment is $429,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $40,200 for this transaction. As this listing is in Guelph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $40,200.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.