21 Coldwater Road E/S Road

Severn, L0K 1E0
FOR SALE
$712,000
21 Coldwater Road E/S Road, Severn
21 Coldwater Road E/S Road
21 Coldwater Road E/S Road
21 Coldwater Road E/S Road
21 Coldwater Road E/S Road
21 Coldwater Road E/S Road
Investment
CATEGORY
5,000 Sq Ft
TOTAL AREA
S12496658
MLSID
Contact Us
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.
Property Details
Address
21 Coldwater Road E/S Road
Community
City
Postal Code
L0K 1E0
Property Type
Investment, Investment
Use
Apartment
Zoning
C1
Total Area
5,000 Sq Ft
Acreage
5,428.0 Feet
Taxes
$3,767 (2024
Heat Type
Baseboard
Water
Municipal
Garage Type
None
Listing contracted with Exp Realty
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