24 Coldwater Road W Severn, Ontario L3V 3L1
$809,500
Solid 7-unit mixed-use building in downtown Coldwater, consisting of 6 residential one-bedroom units and 1 long-standing commercial tenant. Current rents offer a compelling 45% upside to market, making this a strong long-term investment with immediate growth potential. Vendor may consider a first-position VTB up to 70% loan-to-value, offering a compelling opportunity to reduce capital outlay. All tenants pay their own hydro, and each residential unit is equipped with its own furnace, keeping operating costs low. The roof was replaced in 2023, and the property has been well-maintained throughout. Priced attractively at $115,000 per unit with a 5.8% cap rate in place. This building forms part of a broader portfolio featuring 29 residential and commercial units, all located on the same block ideal for buyers seeking scale and efficiency in an emerging rental market. (id:53086)
Property Details
| MLS® Number | S12246046 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 40 Ft |
| Size Irregular | 40 Ft |
| Size Total Text | 40 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/28522589/24-coldwater-road-w-severn-coldwater-coldwater
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 20 2025 01:15:33
Toronto Regional Real Estate Board
Exp Realty