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1354 Gordon St 1.99 Acres of Residential Land Offered at $4,500,000 CAD in Guelph, ON N1L 1C8
INVESTMENT HIGHLIGHTS
- Exceptional development opportunity with proposed plans
- Up to 115 residential units with retail space
- Close proximity to the University of Guelph
EXECUTIVE SUMMARY
As part of the approved Zoning By-Law Amendment a minimum of 5,640 sq. ft. (524 sq. m.) of retail space must be provided on the ground floor of the development. The maximum density permitted on the Site is 175.4 units per hectare (71 units per acre), representing approximately 115 units in total. The current plans propose a mix of studio, 1-bedroom and 2-bedroom units, although a formal Site Plan application has not been submitted by the owner, allowing any purchaser the opportunity to finalize the design, tenure and layout of the building based on their own preferences.
PROPERTY FACTS
| Price | $4,500,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.99 AC |
| Property Type | Land | ||
| Zoning | NCC-16(PA)(H27) | ||
| Price | $4,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.99 AC |
| Zoning | NCC-16(PA)(H27) |
1 LOT AVAILABLE
Lot
| Price | $4,500,000 CAD | Lot Size | 1.99 AC |
| Price Per AC | $2,261,306.53 CAD |
| Price | $4,500,000 CAD |
| Price Per AC | $2,261,306.53 CAD |
| Lot Size | 1.99 AC |
The offering has approved zoning along with an Official Plan Amendment to allow for the development of an 8 storey mixed use building with a maximum total GFA of 118,403 sq. ft. (11,000 sq. m.).
DESCRIPTION
The offering is ideally located in close proximity to an abundance of amenities including grocery stores, restaurants, cafes and is less than a 5-minute drive to the University of Guelph.
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1354 Gordon St
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