- What The parcel is at 8640 Highway 7 in Guelph Eramosa Township
- Why The property spans 40 acres of developable land
- What next Cushman & Wakefield has the assignment
An Ontario land parcel with industrial development potential is on the block for $50m.
Cushman & Wakefield has the assignment for 8640 Highway 7 in Guelph Eramosa Township on behalf of a private owner. Marketing is targeting an end-user.
The more than 70-acre parcel includes 40 acres of developable land. The valuation works out to $1.25m/useable acre. It was listed for sale in 2023 with CBRE, asking $1.3m/acre. The vendor is prepared to subdivide into two parcels of 25 and 15 acres.
The site is zoned M-1 Rural Industrial, which permits a variety of uses including a warehouse and distribution centre, scientific research establishment, self-storage facility or transport establishment. The zoning also allows for heavy industrial uses.
The parcel has exposure to Highway 7 and the main CN Rail line. There is potential for direct access to the CN line with a rail spur. The site is 4 km from Highway 25, 17 km from Highway 401 and 35 km from Toronto Pearson International Airport.
Approximately 15 km from the City of Guelph, about 26,000 people with an average household income of $140,000 live within 10 km of the offered property.
