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$ 939,500
Est. payment /mo
Active
15 COLDWATER ROAD Severn (coldwater), ON L0K1E0
12,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $78
Subdivision Coldwater
MLS® Listing ID S12246036
Source Toronto Regional Real Estate Board
Property Description
Excellent 7-unit mixed-use investment in the heart of Coldwater, Ontario. The property comprises 4 residential units, primarily two-bedrooms and 3 established commercial tenants, offering strong in-place income with minimal vacancy history. Currently generating a 5.75% cap rate with significant rental upside over 50% and priced at just $134,000 per unit. Tenants pay hydro, and all units are heated with electric baseboard systems, keeping owner expenses low. The building is in good structural condition with some recent capital upgrades completed.This asset is part of a larger portfolio offering, with 29 additional residential and commercial units all located on the same block. Ideal for investors seeking scale, upside, and long-term stability in a growing town. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXP REALTY