ON > Severn > Coldwater
Severn, ON L0K 1E0,21 Coldwater Road E/s RD
Severn, ON L0K 1E0,21 Coldwater Road E/s RD
Severn, ON L0K 1E0,21 Coldwater Road E/s RD
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$712,000
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21 Coldwater Road E/s RD Severn, ON L0K 1E0

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Coldwater

MLS Listing ID S12496658

Annual Tax Amount $3,767

Tax Year 2024

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Simcoe

Community Coldwater

Area Simcoe

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 26.82

Others

ParcelsYN No

Listed by EXP REALTY
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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21 Coldwater Road E/s RD

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