Fantastic Investment Property located in Caledonia's vibrant downtown business district offering excellent visual exposure w/extreme high volume of daily pedestrian & vehicular traffic. This superbly maintained building incs 30ft of frontage on Argyle St enjoying private lane access off Caithness St to rear of building. Ftrs personal parking area + 12x12 freshly painted rear deck boasting southwest views of the glistening Grand River. Incs ONE Commercial Unit-GRADE LEVEL ($2000 p/mnth - all inclusive) & THREE Residential Units. GRADE LEVEL Residential Unit - 2 Bedrooms ($2200 p/mnth - all inclusive *projected income/owner occupied*). UPPER LEVEL Residential Unit - 2 Bedroom ($1350 p/mnth - all inclusive) UPPER LEVEL Residential Unit - 1 Bedroom ($1050 p/mnth - all inclusive). Projected NOI - $61,606 - (4.1 - CAP Rate) - all quality Tenants wanting to remain. Upgrades inc recently replaced street-facing display windows, c/vac for owner occupied unit & common stairway, metal roof, partial rubberized roofing-2011, n/g furnace-2011, central air-2011, increased attic insulation, all units inc updated wiring/plumbing/drywall/paint & meet fire separation codes, no knob & tube wiring, full service-style dry storage basement w/rear entry, n/g BBQ hook-up + street parking. The Perfect live-in 1 unit & let rent cover mortgage- or- ideal Investment property in in the heart of this rapidly expanding area - 20 mins commute to Hamilton & 403 + 90 mins to GTA. Redefining Turn-Key AIA (id:34868)
MLS® Number | H4136565 |
Property Type | Retail |
Parking Space Total | 2 |
Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer, Range, Window Coverings |
Cooling Type | Air Conditioned |
Heating Type | Forced Air |
Size Exterior | 2600 Sqft |
Size Interior | 2600 Sqft |
Type | Commercial Mix |
Utility Water | Municipal Water |
Surfaced |
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 150 Ft |
Size Frontage | 29 Ft |
Size Irregular | 29.66 X 150.41 |
Size Total Text | 29.66 X 150.41 |
https://www.realtor.ca/real-estate/24493696/14-argyle-street-n-caledonia
Contact us for more information
Rick Pritchard
Broker
519-381-3499
Janelle Pritchard
Sales Representative
519-381-3499
Denise Mann
Sales Representative
519-381-3499
Phillip Hallman
Broker
519-381-3499