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Guelph Innovation District lands officially on the market

No price tag, but province will accept bids on 329-acre parcel of land until end of July
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Screenshot 2019-03-04 at 3.30.58 PM
The Guelph Innovation District, outlined in red.

The Guelph Innovation District lands are officially up for sale.

There has been no price tag put on the property and all offers have to be in by July 30.

At a City of Guelph planning meeting in 2017, a total purchase price of the property was estimated at roughly $60 million, although that was prior to an official evaluation.

The GID is 328.6 acres of provincially-owned land bordered by Stone Road East, Victoria Road South and York Road. That total includes 100 acres of natural areas.

It is the former home of the Wellington Detention Centre and Guelph Turfgrass Institute. It does not include the old Guelph Correctional Centre property.

Plans for the land are a mix of employment, residential, commercial and natural heritage uses.

The property is being sold by broker CBRE Limited on behalf of the provincial government.

Interested parties wishing to see the documentation and studies on the land are required to sign a confidentiality agreement.

At one point the city had looked into buying the land from the province and selling it itself, but decided that plan posed too much of a financial risk for the city.



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