$939,500
Available - For Sale
Listing ID: S12246036
15 Coldwater Road , Severn, L0K 1E0, Simcoe
| 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: | $6391.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 12000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Partial |
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| EXP REALTY |
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Ritu Anand
Broker
Dir:
647-287-4515
Bus:
905-454-1100
Fax:
905-277-0020
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Severn |
| Neighbourhood: | Coldwater |
| Tax: | $6,391 |
| Fireplace: | N |
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