14 Caithness Street E, Haldimand, Ontario

About 14 Caithness Street E

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:6289)

More Info on this Haldimand MLS® listing

14 Caithness Street E is a listing for sale in Haldimand. The MLS® number is X13876994. It features 6 bathrooms and covers 8,688 square feet. It's currently listed for $1,499,000. For more details on MLS® X13876994, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Haldimand is available now!

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