Courtesy of: Ross Mogridge, Salesperson, RE/MAX Escarpment Realty Inc.
Courtesy of: Ross Mogridge, Salesperson, RE/MAX Escarpment Realty Inc.
$1,499,000
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8,688 square feet
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Other
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$1,499,000
14 CAITHNESS Street E 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. (id:203)