Now is the time to invest in a property with huge development potential with a favorable 8.49% mortgage rate on a $1,050,000.00 fully open 2 year term (No broker fees). This 1.88 acre property offers amazing development potential with the City of Guelph and is ideally located at the corner of Eramosa Road and Speedvale Avenue. This home features a 3 bedroom all brick bungalow with open concept design and features a large eat-in kitchen, stainless steel appliances built in microwave oven, granite tops and center island with breakfast bar overlooking the large family room with gas fireplace. 3 nice sized bedrooms are also on the main floor, the primary offers a beautiful 4 piece ensuite. The partially finished basement offers a large rec room a fourth room currently used as a bedroom and a large den. This property also features a detached workshop / garage and a 2500 Sq Ft shop. NOTE: Property sold under power no warranties and is being sold "AS IS WHERE IS" Phase II environmental report can be provided when conditional offer accepted. Buyer to complete due diligence with municipal authorities on zoning possibilities.
Address
701 Eramosa Road
List Price
$2,149,000
MLS® Status
New
Expiration Date
2026-07-02
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Guelph
Sub-Area
Grange Road
Region
Wellington
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
5
Rooms Below Grade
3
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
349.79
Lot Shape
Pie
Lot Irregularities
Triangle
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Acres
Lot Width
473.35
Parcel Number
713540002
Occupant Type
Tenant
Cross Street
Eramosa and Speedvale
MLS® Number
X12888400
Listing Brokerage
SULLIVAN REAL ESTATE BROKERAGE, INC.
Basement Area
Partially Finished
Postal Code
N1E 5Z1
Posession Details
Flexible
Parking Places (Total)
12
Parking Spaces
10
Tax Amount
$26,988.53
Tax Year
2025
Interior Features
Other
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling
No
Cooling Features
Central Air
New Construction
No
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Attached
Covered Spaces
2
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LOT 2, CONCESSION 6 , DIVISION C, TOWNSHIP OF GUELPH, AS IN BS14518 ; GUELPH
Waterfront
No
Waterfront
None
Sewer
Septic
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Kitchen | 4.26 x 4.59 | B/I Microwave, B/I Oven, Centre Island |
| Main | Family Room | 4.87 x 4.21 | |
| Main | Primary Bedroom | 4.16 x 4.16 | 4 Pc Ensuite |
| Main | Bedroom 2 | 3.5 x 1.72 | |
| Main | Bedroom 3 | 3.45 x 3.7 | |
| Main | Bathroom | 2.41 x 2.81 | 4 Pc Bath |
| Main | Bathroom | 3.58 x 1.62 | 4 Pc Ensuite |
| Basement | Recreation | 7.87 x 5 | |
| Basement | Den | 4.44 x 3.65 | |
| Basement | Office | 2.69 x 4.52 |