14 Caithness Street E Haldimand, Ontario N3W 1L4

$1,499,000

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. (id:55460)

Business

Business Type	Retail and Wholesale
Business Sub Type	Retail misc.

Property Details

MLS® Number	X13876994
Property Type	Retail
Community Name	Haldimand
Parking Space Total	8

Building

Bathroom Total	6
Age	51 To 99 Years
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	8688 Sqft
Size Interior	8,688 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	176 Ft
Size Frontage	91 Ft
Size Irregular	0.36
Size Total	0.36 Ac
Size Total Text	0.36 Ac
Zoning Description	Cd

https://www.realtor.ca/real-estate/30381466/14-caithness-street-e-haldimand-haldimand