$1,350,000 - 241 Edinburgh Road, Guelph
Commercial for Sale in Guelph
Popular ListingNeighbourhood: Exhibition Park
- MLS Number
- X13487590
- Property Type
- Commercial
- Status
- active
- Days on Site
- 12
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 4,345 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- Royal LePage Royal City Realty
This is an exceptional opportunity to acquire a distinguished commercial property with an established reputation and outstanding future potential. Situated on ~0.33 acres along a high-traffic corridor, the property benefits from outstanding visibility, prominent street-front signage, SC zoning, and ample on-site parking with more than 22 spaces for customers and staff. Offering over 4,000 sq. ft. of functional commercial space, the building was purpose-built for food service operations and is ideally suited for a restaurant, banquet facility, catering business, or a wide range of hospitality concepts. The spacious dining area accommodates nearly 100 guests and features a dedicated buffet station, while the expansive commercial kitchen is complemented by a walk-in cooler, walk-in freezer, and extensive dry-storage facilities designed to support high-volume operations and bulk inventory management. The property is exceptionally well-equipped with robust utility infrastructure, including high-capacity gas service, 200+ amp/ three-phase electrical service, commercial ventilation and hood systems, and heavy-duty gas lines with high-BTU capacity capable of supporting commercial multi-burner Chinese wok ranges and other intensive culinary applications. Recent capital improvements further enhance the property's value and reliability, including a new roof installed in 2025 and an upgraded air conditioning system completed in 2021, providing peace of mind for future ownership. Whether you're looking to continue a successful food-service operation, expand an existing business, or introduce an exciting new concept, this turnkey property offers the space, infrastructure, and location to bring your vision to life.
Estimate your monthly payments for this property
Estimated Payment
$5,971.51/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 Exhibition Park
Exhibition Park 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 Exhibition Park
- •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
Exhibition Park 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.
241 Edinburgh Road, 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 $311/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.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 12-day listing is within normal commercial market exposure.
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.