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. 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. (id:53086)
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 | 12,000 Ft2 |
| 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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July 20 2025 01:15:33
Toronto Regional Real Estate Board
Exp Realty