14 CAITHNESS STREET E,Haldimand,Ontario,N3W1L4
For sale
$1,499,000
14 CAITHNESS STREET E,Haldimand,Ontario,N3W1L4
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:63658)
PROPERTY SUMMARY
| MLS® # | : | X13876994 |
| Listing price | : | $1,499,000 |
| Listed on | : | 17-10-2026 |
| Property subtype | : | For sale |
| Square footage | : | 8688 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX ESCARPMENT REALTY INC. |
BEDROOM & BATHROOM
| Total bedrooms | : | 0 Bedrooms |
| Total bathrooms | : | 6 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |