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$799,500
Available - For Sale
Listing ID: S12246040
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. Seller open to offering a potential first-position VTB of up to 70% loan-to-value, providing attractive financing flexibility for qualified buyers. 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.
Price $799,500
Taxes: $3,767
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 21 Coldwater Road E/s 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 / Sturgeon Bay Rd
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: 5,000
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Baseboard
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

21 Coldwater Road E/s Road , Severn, L0K 1E0, Simcoe


 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Severn
Neighbourhood: Coldwater
Style:
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Tax: $3,767
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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