31
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$1,499,000
Est. payment /mo
8,688 SqFt
New
14 CAITHNESS Street E Caledonia, ON N3W1L4
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 8688
Square Footage 8,688 sqft
Price per Sqft $172
Subdivision 631 - Caledonia North East
MLS® Listing ID 40869789
Lot Size 0.367 Acres
Acres 0.367
Property Sub-Type Freehold
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Total Parking Spaces 10
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by RE/MAX Escarpment Realty Inc.
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