$1,499,000 - 4871 Wellington Rd 29 Road, Guelph/Eramosa
Commercial for Sale in Guelph/Eramosa
219 days on marketNeighbourhood: Eden Mills
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- MLS Number
- X12789268
- Property Type
- Commercial
- Status
- active
- Days on Site
- 219
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 5,400 sqft
- Neighbourhood
- Guelph/Eramosa
- Listing Brokerage
- ROYAL LEPAGE FLOWER CITY REALTY
A Rare Commercial Asset: Legal Industrial Workshop + Executive Home Office on 1.67 Acres. Positioned near the Hwy 401 and Guelph corridor, this property is a turn-key solution for trades requiring immediate occupancy with legal zoning. The centerpiece is a 3,200 sq. ft. industrial-grade workshop (80'x40'), fully heated and permitted for sheet metal, carpentry, and electrical under By-law 33/2024.This facility is engineered for heavy productivity. It features a separate hydro meter with 600V 3-Phase power, including eight 600V 3Ph power drops/outlets throughout. Hot and cold water is plumbed for convenience. The shop offers two massive bay doors (14'x14' & 10'x12') and two dedicated man doors for seamless workflow. A 40ft.x 5ft. mezzanine maximizes vertical storage, while a steel airline system and 110V receptacles cover the walls. Powered by efficient propane heating, this workspace is ready for immediate operation. Outside storage is abundant with four 40ft and two 20ft shipping containers, complementing a massive driveway with parking for 20+ vehicles-ideal for a professional fleet. The attached multi-level residence offers approx. 2,200 sq. ft. of versatile space suitable for an Executive HQ or Home Office. The main floor features hardwood floors, a bright eat-in kitchen, and a formal dining room perfect for client meetings. A fireplace-centered living room serves as a waiting area or relaxation zone. The upper levels host four generous bedrooms, including a primary suite with a walk-in closet and 3-piece ensuite-ideal for extended staff or multi-generational living. The backyard transitions from business to pleasure with a fire pit, concrete patio, and elevated deck. Investment Opportunity: The sale of the existing service business is an option; a client list may be negotiated with the Seller. This is a strategic asset to future-proof your business in Wellington County.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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 Eden Mills
Eden Mills 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 Eden Mills
- •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
Eden Mills 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.
4871 Wellington Rd 29 Road, 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 $278/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 219 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.