CONSULTATION

Heritage House Retirement Residence

2113 Gordon St | Guelph, Ontario

Heritage House Retirement Residence located at 2113 Gordon St, Guelph, Ontario, is a multi-service retirement home and independent living community. 

Offering a variety of services and set in Guelph’s most scenic area. An independent living community, Heritage House Retirement Residence combines the beautiful scenery of the region within a country-inspired atmosphere.  Heritage House is well located on a major arterial roadway, in a community with a high concentration of retail outlets including service commercial users nearby.

Heritage House’s daily living programs are specifically designed to keep stress at bay and help residents maintain a high quality of life. Menus offer nutritious home-style cooking and all of the services and features at Heritage House Retirement Residence have to offer are designed to encourage independence and enhance a peaceful lifestyle.

Since 1984 there have been significant renovations carried out in the building, including the addition the North wing. A fire suppression sprinkler system was installed in 2019. The interiors of he main living areas such as the dining room, 1st, 2nd & 3rd floor lounge activity rooms have received new decorating themes accompanied by complementary flooring, painting & furniture. Many suites have been refurbished which may include new flooring, bathroom fixtures, painting and decorating.

Total Units: 51

Occupany Rate: 73.75%

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Neighbourhood/Location​

The nearby amenities are many including service commercial outlets, grocery stores (Food Basics, Loblaws, Longos, etc.), medical offices, Shoppers Drug Mart, fast food restaurants (Harveys, Tim Hortons, Dominos, Wendys, Starbucks, etc.), full service restaurants (Swiss Chalet, Milestones, Sunset Grill, Kelseys, The Keg, etc.) Canadian Tire and an LCBO and Beer Store. Adjacent districts are Orangeville to the north, Kitchener/Cambridge to the west, Halton Hills/Milton to the East, and Brantford/Hamilton/Burlington to the south. Many retail, services and restaurants are located 3-10 minutes away, while Guelph city centre is located 12 minutes away from Heritage House. A development on the south side of Guelph has reached within 0.5 miles from Heritage House. Assumptions are it will take within 2-5 years to add a water line. There is also the potential to build a 3rd wing of the retirement home which would significantly contribute to the resident capacity of the building.

Property Management

Oxford Living

Market Analysis

Heritage House Retirement Residence is situated in the City of Guelph, which is considered to be a suburban community in the County of Wellington. The town is considered to be a mix of land uses, being predominantly service, retail and low, medium and high density residential. Guelph has a population of 131,794. Located in one of the strongest economic regions in Canada, Guelph is the ideal destination for companies to access major markets and customers. Also, because of its low crime rates, clean environment and generally high standard of living, Guelph is consistently rated as one of Canada’s best places to live. Guelph has been noted as having one of the lowest unemployment rates in the country.

Wellington County has a relatively small, specialized niche market (Subsidized Market) which is catered to largely by Heritage House Retirement Residence, developed by the County for a number of less advantaged residents. Domiciliary care for these eligible for retirement homes is currently set at $60.00 per diem, and there are ongoing negotiations with Wellington County to further increase the per diem rate to adjust for inflation.

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