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$769,000
Est. payment /mo
2,420 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,420 sqft
Price per Sqft $317
MLS Listing ID XH4202955
Abv Grd Liv Area 2,420
Originating Board Hamilton - Burlington
Annual Tax Amount $4,929
Property Sub-Type Building and Land
Lot Depth 66.0
Lot Front 21.0
Property Description
Attention Investors! Rare opportunity to own this well 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.
Location
Province ON
County Haldimand
Area Caledonia
Direction Hamilton Hwy 6 South to Caledonia
Interior
Heating Gas Forced Air Open
Fireplace No
Exterior
Parking Features None
Utilities Available Yes
Lot Frontage 21.0
Lot Depth 66.0
Garage No
Building
Lot Description Urban
Faces Hamilton Hwy 6 South to Caledonia
Sewer Sanitary
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 381580006
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Listed by Realty Network