14 Caithness Street E Haldimand, Ontario N3W 1L4

6 Bathroom 8,688 sqft
Fully Air Conditioned Forced Air

$1,499,000

A five-unit mixed-use building in the Caledonia downtown core, offering approximately 8,700 square feet of enclosed area - 5,143 above grade across two floors, plus 3,545 of income-producing lower level. The rent roll comprises two commercial tenancies and three residential units, with a fourth ground-floor residential unit currently vacant and unfinished. Major capital is recent and complete: roof (2023), heat pump (2024) and furnace (2025).The opportunity sits in the gap between in-place and achievable income. The leases are gross and legacy-dated, one ground-floor unit is unlet, and a substantial portion of the lower level has never been allocated to a tenancy. Restructuring the tenancies on current market terms -including expansion of the ground-floor retail demise into the adjoining rear space - supports a net operating income of approximately $95,000, a 6.35% return at the asking price, for roughly $12,000 of landlord work. Zoned CD, Downtown Commercial. (id:50787)

Business

Business Type Retail and Wholesale
Business Sub Type Retail misc.

Property Details

MLS® Number X13876994
Property Type Retail
Community Name Haldimand
Parking Space Total 8

Building

Bathroom Total 6
Age 51 To 99 Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 8688 Sqft
Size Interior 8,688 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Depth 176 Ft
Size Frontage 91 Ft
Size Irregular 0.36
Size Total 0.36 Ac
Size Total Text 0.36 Ac
Zoning Description Cd

https://www.realtor.ca/real-estate/30381466/14-caithness-street-e-haldimand-haldimand

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