Severn (coldwater), ON L0K1E0,28 COLDWATER ROAD W
Severn (coldwater), ON L0K1E0,28 COLDWATER ROAD W
Severn (coldwater), ON L0K1E0,28 COLDWATER ROAD W
Severn (coldwater), ON L0K1E0,28 COLDWATER ROAD W
Severn (coldwater), ON L0K1E0,28 COLDWATER ROAD W
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$ 1,424,900
Est. payment | /mo

6,000 SqFt


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$ 1,424,900
Est. payment | /mo
Save

6,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $237

Subdivision Coldwater

MLS® Listing ID S12246051

Source Toronto Regional Real Estate Board

Property Description

Large 14-unit mixed-use building featuring 12 residential units and 2 commercial spaces, both leased to a well-established local business that has operated from the property for nearly 5 years. With a 57% gap to market rents, this asset offers substantial income growth potential at a 5.8% cap rate and just $100,000 per unit.The building is in solid condition with a 15-year-old metal roof in excellent shape. Recent capital upgrades include spray foam insulation and new windows along the rear and east-facing walls, along with structural reinforcement. One residential unit is fully gutted and ready for finishing, offering an easy value-add opportunity. Most tenants pay their own hydro; units are heated with electric baseboards, and the common areas are serviced by a central furnace. All hot water tanks have been replaced in recent years, reducing near-term capital needs. This property is part of a broader portfolio comprising 22 additional residential and commercial units, all located on the same block, perfect for investors seeking scale, efficiency, and upside in a growing small-town setting. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling Partially air conditioned

Exterior

Parking Features No

View Y/N No

Private Pool No

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Listed by EXP REALTY
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"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

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202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

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