14 CAITHNESS Street E, Caledonia
$1,499,000
About this property
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. (id:66939)
Property details
- Price
- $1,499,000
- Living area
- 8,688 square feet
- Lot size
- 0.367 acres
- Parking
- 10
- Property type
- Other
- Basement
- Full
- MLS® number
- 40869789
Location
Tools for this commercial property
Commercial pricing depends on lease structure, use and financing. Mohammed can walk through the numbers with you directly, no residential mortgage assumptions applied.
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Source board: Cornerstone Association of REALTORS®.
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