58 Wellington St E
Guelph, ON N1H 3R8
Land For Sale · 0.68 AC

CBRE’s Southern Ontario Investment Team and CBRE’s Land Services Group (“CBRE”) are pleased to offer for sale 58 Wellington Street East (the “Property” or the “Site”), a ±0.68 acre mixed use development opportunity located within the downtown core of Guelph. The Site offers the opportunity to develop a 18-storey high-rise mixed use development in a prominent location. The Site is located within Guelph’s Urban Growth Centre and Major Transit Station Area, envisioned as the core of Guelph. Land use designations in the Official Plan, Secondary Plan and Zoning allow for a mixed-use high-rise development, as of right. A Holding Zone applies, requiring confirmation of servicing capacity prior to development. The Site is steps from Speed River and Guelph Central Station, which offers GO Transit access to the Greater Toronto Area. Surrounded by a mix of heritage assets, civic institutions, and recent high-rise developments, the area is experiencing rapid intensification. 58 Wellington presents a rare opportunity to contribute to this momentum through a landmark 18-storey mixed-use development at a prominent gateway intersection. Guelph is a land constrained residential market with excellent underlying fundamentals. The CMHC primary residential rental vacancy rate is 1.9% and the median new-build detached home price is ±$1,365,000 for Guelph as of October 2025.