46 Argyle Street N, Caledonia, ON, N3W 2G6

$769,000

MLS® # XH4202955

Investment For Sale In Caledonia, Ontario

$769,000

Property Information:

Attention Investors! Rare opportunity to own this immaculately 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. 2nd level - you'll find an oversized 700+ square feet of living space residential unit. 3RD LEVEL - 1 bedroom residential unit & 3RD LEVEL/ATTIC - 1 bedroom bachelor apartment. All units are currently occupied by A++ Tenants, generating $55,920 annual gross rent. Many upgrades throughout the years include; AC System 2023, Metal Roof 2011, Electrical copper & breakers, and plumbing systems. Serviced 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 now with the opportunity to raise residential rents when/if the apartments become available to market prices. Contact LB for income/expense information.

Inclusions: Applicances In Apartments.

Property Features:

  • Acres Range: < 0.5
  • Business Type: Retail
  • Heating: Gas Forced Air Open
  • Lot Depth: 66 Feet
  • Lot Features: Urban
  • Lot Frontage: 21.00 Feet
  • Parking Features: None
  • Security Features: Smoke Detector(s)
  • Utilities: Yes
  • Water Source: Municipal
  • Sewer: Sanitary
  • No. of Parking Spaces: 3

Courtesy of: Realty Network

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