Skip to content

14 CAITHNESS Street E, Caledonia

· 8688 sqft

$1,499,000

Five-unit mixed-use building in the Caledonia downtown core. Approximately 8,700 sf of enclosed area a?? 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 a?? 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.

General Info


MLS Listing ID: 40869789 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Listing Type: Other Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete Roof: N/A Title To Land: Freehold Parking Space Total: 10
Parking: N/A Heating: N/A Size: 8688 sqft Air Conditioning : N/A
Home Style: N/A Finished Floor Area: N/A Fireplaces: Alarm system Basement: Full
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Amenities/Features


  • Southern exposure
  • Visual exposure
  • Paved driveway

Mortgage Calculator


Disclaimer: NOTE: ©1998-2019 The Canadian Real Estate Association. All rights reserved. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.

CONTACT ME

CONTACT FORM