Attention Investors! Rare opportunity to own this immaculately maintained, three-story commercial/residential building situated in the heart of Caledonia's thriving downtown shopping district. The main level showcases an impressive 800+ square feet of commercial/retail space. 2nd level - you'll find an oversized 700+ square feet of living space residential unit. 3RD LEVEL - 1 bedroom residential unit & 3RD LEVEL/ATTIC - 1 bedroom bachelor apartment. All units are currently occupied by A++ Tenants, generating $55,920 annual gross rent. Many upgrades throughout the years include; AC System 2023, Metal Roof 2011, Electrical copper & breakers, and plumbing systems. Serviced by 3 separate hydro meters, 1 gas meter, 1 water/sewage meter. This property offers an excellent opportunity to invest in one of Ontario’s most rapidly growing towns and generating a positive cash flow. Fully rented units offer reliable income now with the opportunity to raise residential rents when/if the apartments become available to market prices. Contact LB for income/expense information.
MLS# | H4202955 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Days On Site | 89 |
Listing Provided By | Realty Network | Neil Dring |
SQ Feet | 2,420 |
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Units | 4 |
Acreage | 0.03 |
Water Front | Yes |
Province | ON |
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Region | Haldimand County |
City | Caledonia |
Postal Code | N3W 2G6 |
Area | Caledonia North West |
Community Name | Caledonia North West |
Listing VS Median (in Caledonia North West) | |
Price: $769,000 low | high Med: $832,000 SqFt: 2,420 low | high Med: 3,180 $ / SqFt: $318 low | high Med: $272 On Site: 89 low | high Med: 121.000000 |