$1,499,000

For sale

14 Caithness Street East, Haldimand - Retail for Sale

14 Caithness Street East, Haldimand, Ontario, N3W1L4

6 baths8 parking8,688 ft²15,682 sq ft (0.36 ac) lot sizeListed 27 days ago

Overview

This retail property in Haldimand is for sale offering roughly 8,688 sq ft of space. It has been on the market 27 days, fresher than the Haldimand average of 92 days.

Retail Space for Sale in Haldimand →All real estate in Haldimand →

Description

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:66096)

Property Details

MLS®: X13876994
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: CD
Bathrooms: 6
Parking: 8
Interior Size: 8,688 ft²
Lot Size: 15,682 sq ft (0.36 ac)
Frontage: 91 ft
Building Area: 8,688 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $15,200/yr
Listed: 27 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Haldimand listings, avg age

92d

Price / ft²

$173

List price

$1.50M

Haho

This retail in Haldimand has been listed for 27 days, which is 65 days fresher than the city average of 92. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · JOEY ZURINI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3W)

This home lists at $1,499,000, about 13.5× the local median household income of $111,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 164% above the area median.

Median household income: $111,000
Population: 15,805
Median age: 38.4
Owner / renter: 87% / 13%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N3W)

$1,499,000· $173/ft²

For sale

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