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.
| MLS # | 40869789 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Ross Mogridge |
| SQ Feet | 8,688 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Zoning | CD |
| Acreage | 0.37 |
| Interior Features | High Speed Internet |
|---|---|
| Cooling Yes / No | No |
| Lot Features | Rectangular, Business Centre, City Lot, High Traffic Area, Highway Access, Schools, Visual Exposure |
|---|---|
| Construction Materials | Aluminum Siding, Stone, Stucco, Vinyl Siding |
| Foundation Details | Block, Poured Concrete, Stone |
| Security Features | Alarm System |
| Parking Features | Asphalt, Public |
|---|---|
| Attached Garage Yes / No | No |
| Utilities | Electricity Connected, Fibre Optics, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights |
|---|---|
| Sewer | Sewer (Municipal) |
| Tax Annual Amount | 15200 |
|---|
| Province | ON |
|---|---|
| County | Haldimand |
| City | Caledonia |
| Postal Code | N3W 1L4 |
| Area | Caledonia |
| Subarea | 631 Caledonia North East |
| Community Name | 631 Caledonia North East |
| Listing VS Median (in 631 Caledonia North East) | |
Price: $1,499,000 low | high Med: $624,999 sqft: 8,688 low | high Med: 1,080 $ / sqft: $173 low | high Med: $579 On site: 12 low | high Med: 31 | |
| Province | ON |
|---|---|
| County | Haldimand |
| City | Caledonia |
| Postal Code | N3W 1L4 |
| Area | Caledonia |
| Subarea | 631 Caledonia North East |
| Community Name | 631 Caledonia North East |
| Listing VS Median (in 631 Caledonia North East) | |
Price: $1,499,000 low | high Med: $624,999 sqft: 8,688 low | high Med: 1,080 $ / sqft: $173 low | high Med: $579 On site: 12 low | high Med: 31 | |