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Severn (coldwater),ON L0K1E0
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $159
Subdivision Coldwater
MLS Listing ID S12246040
Source Toronto Regional Real Estate Board
Property Description
Well-located 8-unit mixed-use asset in the heart of downtown Coldwater, featuring 6 residential units and 2 highly established commercial tenants. With a 60% gap to market rents, this property offers strong long-term upside alongside an attractive entry cap rate of 5.8% and pricing of less than $100,000 per unit. All utilities are separately metered, with some tenants paying their own heat and hydro. Capital items are in good condition, including a 10-year-old roof and newer hot water tanks.This asset is part of a larger portfolio totalling 28 additional residential and commercial units, all situated on the same block, offering an excellent opportunity to acquire scale in a growing, high-demand small-town market. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No