15 Coldwater Road Severn, 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:60365)
Property Details
| MLS® Number | S12246036 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 12000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 204 Ft |
| SizeFrontage | 64 Ft |
| SizeIrregular | 64 X 204 Ft |
| SizeTotalText | 64 X 204 Ft |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/28522587/15-coldwater-road-severn-coldwater-coldwater
Andrew Odoardi
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
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June 26 2025 04:39:49
Toronto Real Estate Board
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