21 Coldwater Road E/s Road Severn (Coldwater), Ontario L0K 1E0
$712,000
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 6.5% and priced at only $89,000 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, 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. (id:49187)
Property Details
| MLS® Number | S12496658 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Interior | 5000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 26 Ft ,9 In |
| Size Irregular | 26.82 Ft |
| Size Total Text | 26.82 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/29054082/21-coldwater-road-es-road-severn-coldwater-coldwater
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October 31 2025 06:47:48
Toronto Real Estate Board
Exp Realty