1 Bathroom
2,420 sqft
None
Forced Air
$690,000
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. 2 level-you'll find an oversized 700+square feet of living space residential unit. 3rd level - 1 bedroom residential unit and attic bachelor apartment. All units are currently occupied by A+ tenants, generating $57,000 annual gross rent. Many upgrades throughout the years include: AC system 2023, Metal Roof 2011, Electrical copper & breakers, and plumbing systems. Service 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 with the opportunity to raise residential rents when the apartments become available. (id:63476)
Property Details
|
MLS® Number |
40817151 |
|
Property Type |
Multi-family |
|
Amenities Near By |
Airport, Schools |
|
Community Features |
High Traffic Area |
|
Parking Space Total |
1 |
Building
|
Bathroom Total |
1 |
|
Basement Development |
Unfinished |
|
Basement Type |
Full (unfinished) |
|
Cooling Type |
None |
|
Exterior Finish |
Brick |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Forced Air |
|
Stories Total |
3 |
|
Size Interior |
2,420 Sqft |
|
Type |
Triplex |
|
Utility Water |
Municipal Water |
Parking
Land
|
Acreage |
No |
|
Land Amenities |
Airport, Schools |
|
Sewer |
Municipal Sewage System |
|
Size Depth |
66 Ft |
|
Size Frontage |
21 Ft |
|
Size Total Text |
Under 1/2 Acre |
|
Zoning Description |
H A7a |