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$939,500
Available - For Sale
Listing ID: S12246036
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. Attractive vendor financing availablepotential first-position VTB up to 70% LTV for qualified purchasers.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.
Price $939,500
Taxes: $6,391
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 15 Coldwater Road , Severn, L0K 1E0, Simcoe
Postal Code: L0K 1E0
Province/State: Simcoe
Legal Description: PT LT 3 E/S COLDWATER RD PL 61 COLDWATER
Directions/Cross Streets: Coldwater Rd / Gray St
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Category: Apartment
Building Percentage: T
Total Area: 12,000
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Electric Forced Air
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
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EXP REALTY

15 Coldwater Road , Severn, L0K 1E0, Simcoe

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Maria Tompson
Sales Representative
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416-548-7854
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Severn
Neighbourhood: Coldwater
Style:
Lot Size: x 204.00(Feet)
Approximate Age:
Tax: $6,391
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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