$1,499,000
Available - For Sale
Listing ID: X13876994
14 Caithness Street East , Haldimand, N3W 1L4, Haldimand
| 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. |
| Price | $1,499,000 |
| Taxes: | $15200.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 14 Caithness Street East , Haldimand, N3W 1L4, Haldimand |
| Postal Code: | N3W 1L4 |
| Province/State: | Haldimand |
| Legal Description: | PT LT 30 CON 11 OTONABEE AS IN R510612 ; |
| Directions/Cross Streets: | Argyle and Caithness |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | T |
| Total Area: | 8688.00 |
| Total Area Code: | Sq Ft Divisible |
| Office/Appartment Area: | 3000 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Days Open: | O |
| Sprinklers: | No |
| Washrooms: | 6 |
| Outside Storage: | F |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| RE/MAX ESCARPMENT REALTY INC. |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Haldimand |
| Municipality: | Haldimand |
| Neighbourhood: | Haldimand |
| Approximate Age: | 51-99 |
| Tax: | $15,200 |
| Baths: | 6 |
| Fireplace: | N |
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