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$1,499,000
Est. payment /mo
6 Baths
8,688 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,688 sqft
Price per Sqft $172
Subdivision Haldimand
MLS Listing ID X13876994
Annual Tax Amount $15,200
Tax Year 2025
Lot Size 0.360 Acres
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Haldimand
Area Haldimand
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 91.0
Lot Depth 176.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
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Listed by RE/MAX ESCARPMENT REALTY INC.
NEARBY SCHOOL & BUSINESS
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