46 ARGYLE Street N

Caledonia North East, Haldimand · MLS® 40817151

2,420 sq ft · House · Multi-family · 205 days on market

listed by Neil Dring, Realty Network

realtor's description

Attention Investors! Rare opportunity to own this well 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. 2 level-you'll find an oversized 700+square feet of living space residential unit. 3rd level - 1 bedroom residential unit and attic bachelor apartment. All units are currently occupied by A+ tenants, generating $57,000 annual gross rent. Many upgrades throughout the years include: AC system 2023, Metal Roof 2011, Electrical copper & breakers, and plumbing systems. Service 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 with the opportunity to raise residential rents when the apartments become available.

property details

type: House, Multi-family
bathrooms: 1
living area: 2,420 sq ft
parking: 1
property tax: $5,372 / yr
days on market: 205
MLS®: 40817151

features

High Traffic Area

monthly cost

$3,454/mo

Mortgage $3,006 · Tax $448

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,006/ monthly

loan $552,000

25-year amortization

down payment20% · $138,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $349,879
cash to close: $138,000; down payment; transfer tax and fees not included
total paid: $901,879

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.