15 Coldwater Road

Severn, L0K 1E0
FOR SALE
$830,000
15 Coldwater Road, Severn
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
15 Coldwater Road
Investment
CATEGORY
12,000 Sq Ft
TOTAL AREA
S12496660
MLSID
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Property Description
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 6.3% cap rate with significant rental upside over 50% and priced at just $118,500 per unit. Tenants pay hydro, and all units are heated with electric baseboard systems, keeping owner expenses low. Attractive vendor financing available potential first-position VTB up 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.
Property Details
Address
15 Coldwater Road
Community
City
Postal Code
L0K 1E0
Property Type
Investment, Investment
Use
Apartment
Zoning
C1
Lot Size
64' x 204'
Total Area
12,000 Sq Ft
Acreage
12,954.0 Feet
Taxes
$6,391 (2024
Heat Type
Electric Forced Air
Water
Municipal
Garage Type
None
Listing contracted with Exp Realty
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