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