Jag Patel
Broker
$712,000
Available - For Sale
Listing ID: S12496658
21 Coldwater Road E/s Road , Severn, L0K 1E0, Simcoe
| 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. |
| Price | $712,000 |
| Taxes: | $3767.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 21 Coldwater Road E/s Road , Severn, L0K 1E0, Simcoe |
| Postal Code: | L0K 1E0 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 3 E/S COLDWATER RD PL 61 COLDWATER |
| Directions/Cross Streets: | Coldwater Rd / Sturgeon Bay Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Severn |
| Neighbourhood: | Coldwater |
| Tax: | $3,767 |
| Fireplace: | N |
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