15 Coldwater Road Severn, Ontario L0K 1E0
$830,000
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 6.3% cap rate with significant rental upside over 50% and priced at just $118,500 per unit. Tenants pay hydro, and all units are heated with electric baseboard systems, keeping owner expenses low. Attractive vendor financing available potential first-position VTB up 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)
Property Details
| MLS® Number | S12496660 |
| Property Type | Multi-family |
| Community Name | Coldwater |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 12000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| 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/29054083/15-coldwater-road-severn-coldwater-coldwater
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Andrew Odoardi
Salesperson
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October 31 2025 06:47:48
Toronto Real Estate Board
Exp Realty