Property Details

Fantastic commercial opportunity for the astute investor. Located on the main corner of thriving Caledonia. Formerly 2 buildings offering almost 10,000 sq. ft. with a combination of commercial and residential space.

The ground level commercial space has had numerous updates and is home to a long running restaurant (28yrs). The purchase price includes all the chattels currently in the restaurant including tables, chairs, cooking and bar equipment, walk in freezer and cooler etc.

The 2nd floor consists of 7 apartments, 6-1 bedroom and 1-2 bedroom and are on separate hydro meters. Water and sewer for the apartments is paid by the landlord. Apartments will require some updating but most are vacant. The 2 bedroom was updated about 15 years ago.

Numerous updates in the restaurant in the past 10 years or less include C/A, Furnace, plumbing and electrical.

Potential annual gross income $162,000.