15 Coldwater Road Severn (Coldwater), Ontario L0K 1E0
$939,500
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:41954)
Property Details
| MLS® Number | S12246036 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 12000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 204 Ft |
| Size Frontage | 64 Ft |
| Size Irregular | 64 X 204 Ft |
| Size Total Text | 64 X 204 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/28522587/15-coldwater-road-severn-coldwater-coldwater
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June 26 2025 04:39:49
Toronto Real Estate Board
Exp Realty