$58,000 - 5 Quebec Street, Guelph
Commercial for Sale in Guelph
96 days on market- MLS Number
- X12953864
- Property Type
- Commercial
- Status
- active
- Days on Site
- 96
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,000 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
'Rumours' .. has chiseled its profound niche in fashion forward preloved and consignment clothing. Rumours Guelph is a truly gem of a Downtown Guelph business enterprise. Ideally and prominently located on agreeably the 'fashion core' street Quebec street; where style images and fashion fuses with hip downtown streetscapes and foot traffic to a bevy of well run businesses punctuated with the Bookshelf, movie theatre restaurants, high end women and men's wear boutiques, shoe repair store and top tier hairdressers. What a wonderful opportunity to own a vintage & preloved consignment boutique clothing store that offers a mix of on-trend eco friendly circular fashion. The business's motto is "what goes around comes around" Rumours also carries a mix of locally sourced jewelry, giftware, accessories, including a large selection of very popular greeting cards for every occasion. What a gorgeous large retail storefront (over 1000 sq ft) with hardwood floors, high ceilings, featuring a large front display window in a well-maintained historic building. A truly amazing location even as downtown Guelph is being gentrified this business is buffered by the demand of many local clients whom are entrenched in the 'circular economy' of revolving fashion! Directly across from our Brand New City Library opening this year (November 2026).Very Affordable rent and lease terms. Includes a main principle room plus a second boutique room at the back of the shop that adds even more retail space ! Bathroom, 2 changerooms with chandeliers. A full-sized large basement with built in storage shelves, back door entrance for loading in and out. After operating many multiple successful businesses in Downtown Guelph for 20 years, the owner is moving out of Guelph. Their dream could be your dream! Turnkey business, with all fixtures and full inventory included. Full hands on training in this unique business if desired. "Timeless pieces second chances and love letters stitched into every look."
Estimate your monthly payments for this property
Estimated Payment
$297.57/mo
Includes CMHC insurance ($1,618)
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 Guelph
Guelph 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 Guelph
- •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
Guelph 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.
5 Quebec 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 $58/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 96 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.