$1,195,000 - 107-109 Wyndham Street, Guelph
Commercial for Sale in Guelph
187 days on marketNeighbourhood: Downtown
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- MLS Number
- X12955884
- Property Type
- Commercial
- Status
- active
- Days on Site
- 187
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 5,400 sqft
- Neighbourhood
- Guelph
- Taxes (2026)
- $26,700
- Listing Brokerage
- Royal LePage Royal City Realty
This prime mixed-use investment opportunity at 107-109 Wyndham St N offers an exceptional 5,400 SF of versatile space in the vibrant heart of downtown Guelph. The building features a historic limestone exterior and houses a fully built-out, turn-key restaurant on the main level complemented by a stylish basement speakeasy. The 1,950 SF main floor is equipped with a professional-grade kitchen, full bar, and a signature garage-style window system that opens directly onto the street to create a premier indoor-outdoor dining experience. With a liquor license already in place for 90 patrons on the main level and an additional 35 in the lower level, this vacant commercial space is perfectly positioned for an owner-operator or a high-profile tenant to begin operations immediately.The upper level of the property features a lodge-style residential suite that provides a steady and reliable income stream independent of the commercial operations. This residential space includes five legal rooms, a spacious common living area, a full kitchen, and two washrooms. While the current net operating income of $62,166 is based on extremely conservative commercial estimates, it is important to note that this figure does not account for the two currently vacant residential rooms. Filling these vacancies could conservatively add an additional $17,000 in annual income, bringing the potential net operating income to approximately $79,166. 107-109 Wyndham St N represents a rare turn-key asset that balances immediate hospitality potential with stabilized residential returns. The commercial and residential units benefit from separate entrances, ensuring full operational independence for all occupants. Whether you are looking to establish a restaurant as an owner operator or seeking a diversified investment with significant revenue upside, this property stands as one of the most compelling opportunities in the Guelph market.
Estimate your monthly payments for this property
Estimated Payment
$5,285.89/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown
Downtown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
107-109 Wyndham Street, Guelph
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $221/sqft, this is priced in the mid-range for GTA commercial space. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 187 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Guelph transactions.