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(905) 526-4837
Real Estate Company
14 CAITHNESS Street East, Caledonia, Ontario N3W1L4
Listing courtesy of RE/MAX Escarpment Realty Inc..
- $1,499,000
- 8,688
- SqFt
- List Price
- $1,499,000
- MLS®
- 40869789
- Days on Market
- 17
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Other
- Living Area
- 8,688
- Lot Size Dimensions
- 0.367
- Lot Size
- 15,986
- Subdivision
- 631 - Caledonia North East
Property Description
Five-unit mixed-use building in the Caledonia downtown core. Approximately 8,700 sf of enclosed area — 5,143 above grade plus 3,545 of income-producing lower level. Two commercial tenancies and three residential units; one ground-floor residential unit vacant and unfinished. Roof 2023, heat pump 2024, furnace 2025 — all recent. Value sits in the gap between in-place and achievable income: gross legacy leases, one unlet unit, and a substantial portion of the lower level never allocated to a tenancy. Restructured on market terms, NOI of approximately $95,000 supports a 6.35% return at the asking price for roughly $12,000 of landlord work. Zoned CD, Downtown Commercial. Measured floor plans and full information package available to qualified buyers. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 631 - Caledonia North East
- Parking Spaces
- 10
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- High Traffic Area
- Lot Features
- Southern exposure, Visual exposure, Paved driveway
- Stories
- 3
- Lot Size
- 15,986
