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Royal LePage
Royal LePage
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$712,000

Severn ON, L0K 1E0

MLS® # S12496658

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 5000 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 5000 Square Feet
  • Irregular: Yes
  • Lot Frontage: 26.8 Feet
  • Lot Size: 26.82 FT
  • Zoning: C1

Courtesy of: EXP REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 21 COLDWATER ROAD E/S ROAD, Severn, Ontario, L0K 1E0

Demographic Information of 21 COLDWATER ROAD E/S ROAD, Severn, Ontario, L0K 1E0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$104,500.06

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.71 %

High school certificate or equivalent

33.69 %

Apprenticeship trade certificate/diploma

6.17 %

College/non-university certificate

30.26 %

University Degree

12.17 %

Commuter

Travel To Work

By Car

92.84 %

By Public Transit

0.0 %

By Walking

7.16 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.25 %

Houses

95.75 %

Own Vs. Rent

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