15 Coldwater Road
Severn, L0K 1E0
FOR SALE
$830,000

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Investment
CATEGORY12,000 Sq Ft
TOTAL AREAS12496660
MLSIDContact Us
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.
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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
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Listing contracted with Exp Realty
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