$899,000 - 122 MAIN Street, Guelph/Eramosa
Commercial for Sale in Guelph/Eramosa
207 days on marketNeighbourhood: Rockwood
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- MLS Number
- X12880508
- Property Type
- Commercial
- Status
- active
- Days on Site
- 207
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,174 sqft
- Neighbourhood
- Guelph/Eramosa
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
LIVE-WORK FLEXIBILITY! GREAT INVESTMENT OPPORTUNITY! Welcome to the unique and versatile property at 122 Main Street South in Rockwood, Ontario. This exceptional property offers commercial C1 zoning, presenting an excellent opportunity for investors, entrepreneurs, or those seeking a mixed-use property with multiple income possibilities. The front portion of the building features a welcoming storefront and office area along with a powder room, ideal for operating your own business or leasing out as commercial space. The commercial portion has been well maintained and offers a professional and inviting environment for clients and customers. Behind the commercial space is a residential component that has been configured into two separate living areas. These spaces provide flexibility for extended family, live-work arrangements, or potential rental income opportunities. In total, the building offers approximately 2,152 square feet of above-grade space. The residential areas feature updated flooring through portions of the living and kitchen spaces, providing comfortable and functional living environments. A spacious rear deck extends the living space outdoors, offering a great spot to relax or entertain during warmer months. The basement provides additional storage space, adding practicality to the property. Located in the heart of Rockwood, this property is within close proximity to local shops, restaurants, parks, and trails, making it an attractive location for both business and residential use. 122 Main Street South presents a rare opportunity to own a mixed-use property in a growing community with flexible use potential and strong investment appeal.
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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 Rockwood
Rockwood 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 Rockwood
- •Convenient location in Guelph/Eramosa
- •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
Rockwood 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.
122 MAIN Street, Guelph/Eramosa
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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 $283/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 207 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/Eramosa transactions.