Excellent 7-unit mixed-use investment in the heart of Coldwater, Ontario. The property comprises 4 residential units, primarily two-bedrooms and 3 established commercial tenants, offering strong in-place income with minimal vacancy history. Currently generating a 5.75% cap rate with significant rental upside over 50% and priced at just $134,000 per unit. Tenants pay hydro, and all units are heated with electric baseboard systems, keeping owner expenses low. Attractive vendor financing availablepotential first-position VTB up to 70% LTV for qualified purchasers.The building is in good structural condition with some recent capital upgrades completed. This asset is part of a larger portfolio offering, with 29 additional residential and commercial units all located on the same block. Ideal for investors seeking scale, upside, and long-term stability in a growing town. (id:61852)
MLS® Number | S12246036 |
Property Type | Multi-family |
Community Name | Coldwater |
CoolingType | Partially Air Conditioned |
HeatingFuel | Electric |
HeatingType | Forced Air |
SizeInterior | 12000 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 204 Ft |
SizeFrontage | 64 Ft |
SizeIrregular | 64 X 204 Ft |
SizeTotalText | 64 X 204 Ft |
ZoningDescription | C1 |
https://www.realtor.ca/real-estate/28522587/15-coldwater-road-severn-coldwater-coldwater
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Andrew Odoardi
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