46 Argyle Street N, Caledonia, Ontario N3W 2G6

URBAN 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. (id:27476)

Located in the heart of Caledonia's bustling downtown shopping district, this three-story commercial/residential building presents a rare investment opportunity for discerning investors. The property features an expansive 800+ square feet of commercial/retail space on the main level, while the second level boasts a spacious 700+ square feet residential unit. The third level consists of a 1-bedroom residential unit and a 1-bedroom bachelor apartment in the attic. Currently, all units are occupied by A++ tenants, generating an annual gross rent of $55,920.

Over the years, the property has undergone several upgrades, including a new AC system in 2023, a metal roof in 2011, and updates to the electrical and plumbing systems. With 3 separate hydro meters, 1 gas meter, and 1 water/sewage meter, the building offers a reliable and efficient utility setup. This prime investment opportunity is situated in one of Ontario's fastest-growing towns, ensuring a positive cash flow for potential investors.

With a land size of 21 x 66 and land amenities such as recreation nearby, this property is an attractive prospect for those looking to capitalize on the thriving local market. The address of the property is 46 Argyle Street N, Caledonia, Ontario, with a postal code of N3W2G6. The building is equipped with air conditioning and forced air heating, offering modern comforts for both commercial and residential occupants.

For investors seeking a reliable income stream, this fully rented property provides a stable foundation, with the potential to increase residential rents in the future. For more detailed income and expense information, interested parties are encouraged to contact the listing broker for further details.