Attention Investors! Rare opportunity to own this immaculately 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. (id:47423)
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Detailed Information
Lot
21 x 66 ft
Total Area
2,420 ft2
Amenities Nearby
Recreation
Community Features
Community Centre
Listing Contract Date
2024-02-01
Location Description
URBAN
# of Parking Spaces
3
Property Type
Other
Transaction Type
For sale
Business
Business Type
Other, Retail and Wholesale
Building
Cooling Type
Air Conditioned
Fire Protection
Smoke Detectors
Heating Type
Forced air
Size (Exterior)
2420 square feet
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
21 x 66 | under 1/2 acre
Access Type
Highway access
Amenities
Recreation
Sewer
Sanitary sewer
Size of Irregular Land
21 x 66
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