14 Caithness St E, Caledonia, ON

House

For Sale

Listed price in listed location currency (CAD).

$1,499,000

068

MLS® X13876994

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage None

Taxes $15,200

Days Active 16

Lot Size 0.36

Approx. Age

MLS® Number X13876994

Property Address: 14 Caithness St E, Caledonia, ON, N3W1L4

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberX13876994

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

Basement

DrivewayGarage Type:None

Garage Spaces

HeatGas Forced Air Open

A/CYes

Extras

Map

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