46 ARGYLE STREET NORTH
Cornerstone · N3W1B8
$690,000
About this residence
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. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 3
- Living area
- 2,420 sq ft
- Frontage
- 21 feet
- Parking
- 1 spaces
- Annual tax
- $5,372
- MLS®
- 40816859
- Board
- Cornerstone
- Status
- Active
- Listed
- Apr 2, 2026
- Updated
- Jun 2, 2026
Features & finishes
Basement
- Crawl space
Exterior
- Brick
Sewer & Utilities
- Municipal sewage system
Community
- High Traffic Area
Financing
Estimated monthly payment
$3,227/mo
Loan amount
$552,000
Down payment
$138,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N3W- 15,805
- Population
- 38
- Median age
- $111,000
- Median income
- $675,000
- Median home value
- 87%
- Home ownership
- 32 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 46 ARGYLE STREET NORTH?
46 ARGYLE STREET NORTH is listed for $690,000, in Cornerstone.
What type of home is 46 ARGYLE STREET NORTH?
46 ARGYLE STREET NORTH is a Other, Residential Commercial Mix set over 3 storeys.
How large is 46 ARGYLE STREET NORTH?
The home offers approximately 2,420 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,227. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $5,372 per year.
Is there parking?
Yes — 46 ARGYLE STREET NORTH includes 1 parking space.
What is the Cornerstone area like?
Cornerstone has a population of about 15,805, a median age of 38, a 87% home-ownership rate, with an average commute of about 32 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $675,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $111,000.
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