21 Coldwater Road E/s Road Severn, Ontario L0K 1E0
$799,500
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 5.8% and pricing of less than $100,000 per unit. All utilities are separately metered, with some tenants paying their own heat and hydro. 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:60626)
Property Details
| MLS® Number | S12246040 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Interior | 5,000 Ft2 |
| 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 |
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June 26 2025 04:39:50
Toronto Regional Real Estate Board
Exp Realty
