This 2.13-acre rectangular site is centrally located in north Guelph, offering prime development potential. It features 153 feet of frontage on Eramosa Road and 641 feet on Stevenson Street North. The property is currently improved with a 7,740 square foot, single-tenant automotive building. With as-of-right land use designations, the site allows for the development of up to 129 residential units and a 10-storey structure. Conveniently situated approximately 1.5 kilometres from Guelph Central GO Station, it provides direct transit access to Union Station in Toronto and Kitchener. The site is less than 1 kilometre from Guelph General Hospital, one of Canada’s top-ranked medical facilities, and is surrounded by national retailers such as Zehrs, Food Basics, Shoppers Drug Mart, Rexall, TD Bank, and Starbucks. It is immediately adjacent to John F. Ross Collegiate, a public high school, and less than 250 metres from Ottawa Crescent Public School. Downtown Guelph is within easy walking distance, just 1.3 kilometres away. The asking price is $7,500,000, with vendor take-back (VTB) financing available to qualified proponents. Offers will be reviewed upon receipt. Please do not visit the business without express consent from the Advisor.