14 Caithness Street E, Caledonia, ON N3W 1L4
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14 Caithness Street E, Caledonia, ON N3W 1L4
14 Caithness Street E, Caledonia, ON N3W 1L4
14 Caithness Street E, Caledonia, ON N3W 1L4
14 Caithness Street E, Caledonia, ON N3W 1L4
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Listed by Ross Mogridge • RE/MAX Escarpment Realty Inc.
$ 1,499,000
Est. payment /mo
Active

14 Caithness Street E Caledonia, ON N3W 1L4

8,688 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 8,688 sqft

Price per Sqft $172

MLS Listing ID 40869789

Abv Grd Liv Area 8,688

Annual Tax Amount $15,200

Lot Size 0.367 Acres

Acres 0.367

Property Sub-Type Building and Land

Source Cornerstone

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.

Location

Province ON

County Haldimand

Area Caledonia

Zoning CD

Direction SOUTH ON ARGYLE, EAST ON CAITHNESS ST E

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Asphalt, Public

Parking On Site 8

Utilities Available Electricity Connected, Fibre Optics, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights

Street Surface Paved

Lot Frontage 91.0

Lot Depth 176.0

Garage No

Building

Lot Description Rectangular, Business Centre, City Lot, High Traffic Area, Highway Access, Schools, Visual Exposure

Faces SOUTH ON ARGYLE, EAST ON CAITHNESS ST E

Story 3

Foundation Block, Poured Concrete, Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding,Stone,Stucco,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 381580011

Ownership Freehold/None

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LOCATION

Alex Stepanoski

Alex Stepanoski

Real Estate Agent

+1(647) 896-6442

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14 Caithness Street E