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46 Argyle Street N Caledonia, Ontario N3W 2G6

2420 sqft
Air Conditioned Forced Air

$789,000

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:55009)

Property Details

MLS® Number H4187900
Property Type Retail
Parking Space Total 3

Building

Cooling Type Air Conditioned
Heating Type Forced Air
Size Exterior 2420 Sqft
Size Interior 2420 Sqft
Type Commercial Mix
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 66 Ft
Size Frontage 21 Ft
Size Irregular 21 X 66
Size Total Text 21 X 66|under 1/2 Acre

https://www.realtor.ca/real-estate/26626971/46-argyle-street-n-caledonia

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