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4
BEDROOMS4
BATHROOMS4
KITCHENS12
ROOMSS8281568
MLSIDContact Us
Property Description
Coldwater investment opportunity. Note that the adjacent 5 plex is also for sale. Nice investment package. 4 x 1 bedrooms, Some units have been renovated. Hot water Gas Heat- System has had major work done on it and is very efficient. Metal Roof. Storage shed with space for each tenant. Water softener included. Located across from Coldwater Public School.
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Extras
Rents are inclusive with a monthly total of $3747. Rental Income $ 44, 964. Net income $31, 207. Total operating expenses $13,757.
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
87' x 57'
Fronting
West
Taxes
$2,365 (2023)
Basement
None
Exterior
Stucco/Plaster
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 11.52' x 11.12' | 4 Pc Bath |
| Br | Main | 10.83' x 11.35' | 3 Pc Bath |
| Br | 2nd | 11.42' x 10.27' | 4 Pc Bath |
| Br | 2nd | 11.52' x 10.37' | 4 Pc Bath |
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Severn Market Statistics
Severn Price Trend
2 John St is a 4-bedroom 4-bathroom home listed for sale at $529,900, which is $670,496 (55.9%) lower than the average sold price of $1,200,396 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Severn increased by $430,396 (55.9%) compared to the previous 30 day period (March 15 - April 13) and up $311,671 (35.1%) from the same time one year ago.Inventory Change
There were 18 4-bedroom homes listed in Severn over the last 30 days (April 14 - May 13), which is up 100.0% compared with the previous 30 day period (March 15 - April 13) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Severn typically sold ($53,300) (4.4%) below asking price over the last 30 days (April 14 - May 13), which represents a $23,800 decrease compared to the previous 30 day period (March 15 - April 13) and ($3,675) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Severn over the last 30 days (April 14 - May 13) stood at 16.7%, up from 11.1% over the previous 30 days (March 15 - April 13) and down from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Severn stood at 43 days when successfully sold over the last 30 days (April 14 - May 13), compared to 37 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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