Sold $1,750,000.00 Asking Price - Land View Property Brochure
121 Morris Street, Guelph | Development Land Opportunity
LOCATION
The Property is located on Morris Street, a side street just off York Road, which is a major thoroughfare. The surrounding area is residential; primarily single-family homes. The Property is located minutes from the downtown core; a 2-minute drive or a 15-minute walk from everything Guelph has to offer. Development in the surrounding area is highlighted by a new multi-residential development called The Alice Block. The development is located on the same block as the subject Property and is sold out.
DEVELOPMENT POTENTIAL
This subject Property is designated B.4-1 Industrial. This entire block area has been rezoned to R3 Residential Towns and R4 Apartments. This parcel of land is only 1 of 2 parcels of land in the area that have not been rezoned from industrial to residential. Given that this property is surrounded by rezoned residential properties, it is our opinion that this site is well situated for rezoning to residential.
SITE/PROPERTY DESCRIPTION
The total site area of the Property is 1.058 acres with 219.00 feet of frontage on Morris Street. The property is currently vacant and unimproved.
For more information, please contact:
Bob Vrenjak | Sales Representative, Senior Vice President
Fraser Vrenjak | Sales Representative, Senior Vice President
Benjamin Bach | Sales Representative, Vice President
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