$4,950/mo - 295 Alma Street Unit 1, Guelph/Eramosa
Commercial for Rent in Guelph/Eramosa
172 days on marketNeighbourhood: Rockwood
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- MLS Number
- X13016786
- Property Type
- Commercial
- Status
- active
- Days on Site
- 172
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,770 sqft
- Neighbourhood
- Guelph/Eramosa
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Prime commercial retail/professional office space available for lease in a high-traffic Rockwood location, ideally situated next to Petro-Canada. Thoughtfully designed with both functionality and comfort in mind, this property is well-suited for a wide range of uses, including retail, medical, legal, wellness, financial, franchise, gourmet food concepts, and other professional services seeking a bright, spacious, and refined environment. This well-appointed space features seven private offices, ideal for individual practitioners or team members, along with a generously sized boardroom suited for client meetings, team collaboration, or training sessions. A welcoming reception area and hallway create a strong and professional first impression, while two washrooms offer convenience for staff and clients. The layout also includes a dedicated kitchen area for staff use and light meal preparation, with potential to support select gourmet or specialty food uses (subject to approvals). An additional 8' x 35' mezzanine provides space for storage or flexible workspace, and ample on-site parking is included for ease of access for both staff and visitors. Located in a highly visible and easily accessible area, this property offers excellent exposure and convenience. The current layout-while well-optimized-can be adapted to suit a variety of business needs, including medical professionals, legal practices, physiotherapy, wellness services, accounting, consulting, boutique retail, and select gourmet or specialty food concepts (subject to zoning and approvals). Position your business in a professional setting that supports both client experience and future growth, complemented by the added benefit of abundant on-site parking.
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.
295 Alma Street Unit 1, 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 $3/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. 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 172 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.