+/-11.06-acre of land offers access from two separate streets and presents an excellent opportunity to replace existing dwelling or redevelop the property for other permitted uses. Existing home is deteriorated/dangerous state. Do not enter. Shop/Garage is usable. Development potential with the possibility to create 4-6 residential lots through a Plan of Subdivision application. Buyer to conduct their own due diligence regarding subdivision potential. A range of permitted uses may be allowed, including residential, agricultural, and certain commercial or service-related uses, subject to Section 21.58 of Zoning By-law 40-2016 and applicable EP zoning provisions. Possible uses include automotive or workshop uses, farm implement dealership, automobile service/public garage, welding shop, veterinary clinic, motorcycle sales, and more. Please review marketing materials before booking a showing. Please do not walk the property without an appointment.
works out to roughly $460 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 8370 Wellington 124 Rd
Every detail from the listing, in one place.
Type
Land
Living space
2500-3000 sq ftas stated on the listing
Features & systems
Parking & garage
Garage
Yes
Lot & land
Lot size (sqft)
11.06
Listing & possession
Property class
Vacant Land
8370 Wellington 124 Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14145356$1,150,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 8370 Wellington 124 Rd Compares to the Guelph/Eramosa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,650
/mo
based on the purchase price of $1,150,000
$230,000 cash
$920,000 financed
$774,881 total interest
Principal54%$920,000
Interest46%$774,881
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 8370 Wellington 124 Rd
Homes for sale in Guelph/Eramosa
Every active Guelph/Eramosa MLS® listing, updated all day.
Average days on market38Homes sold in about 38 days on average.
Sale-to-list ratio96.4%On average, homes sold below asking.
Active listings87Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with May 8 – Aug 6, 2026: prices up.
Based on 75 sales from Aug 6 – Nov 4, 2026 (55 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 8370 Wellington 124 Rd
How much is 8370 Wellington 124 Rd listed for?
8370 Wellington 124 Rd is listed at $1,150,000 (MLS® X14145356). Summitly updates the price as soon as the MLS® record changes.
Is $1,150,000 a good price for 8370 Wellington 124 Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Guelph/Eramosa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 8370 Wellington 124 Rd changed?
No — 8370 Wellington 124 Rd is still listed at its original asking price of $1,150,000.
How many bedrooms and bathrooms does 8370 Wellington 124 Rd have?
8370 Wellington 124 Rd has about 2,500–3,000 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Guelph/Eramosa.
How much would the monthly mortgage be on 8370 Wellington 124 Rd?
About $5,650 a month — principal and interest on $1,150,000 with 20% down ($230,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 8370 Wellington 124 Rd compare with other homes in Guelph/Eramosa?
Its asking price of $1,150,000 is about 14% above the median sold price in Guelph/Eramosa over the last 90 days, $1,010,000, across 75 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 8370 Wellington 124 Rd been sold before?
Summitly has no earlier MLS® sale or lease of 8370 Wellington 124 Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 8370 Wellington 124 Rd?
8370 Wellington 124 Rd is in Guelph/Eramosa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 8370 Wellington 124 Rd been on the market?
1 day — 8370 Wellington 124 Rd was listed on November 3, 2026.
What is the price per square foot of 8370 Wellington 124 Rd?
About $383 to $460 per square foot: the asking price of $1,150,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 8370 Wellington 124 Rd have parking or a garage?
Garage: Yes.
What is the lot size of 8370 Wellington 124 Rd?
The lot is 17.494999999999997 acres, as published in the listing.
