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21 Coldwater Road E/s RD Severn, ON L0K 1E0
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $159
Subdivision Coldwater
MLS Listing ID S12246040
Annual Tax Amount $3,767
Tax Year 2025
Property Sub-Type Investment
Property Description
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 5.8% and pricing of less than $100,000 per unit. All utilities are separately metered, with some tenants paying their own heat and hydro. 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.
Location
Province ON
County Simcoe
Community Coldwater
Area Simcoe
Zoning C1
Interior
Cooling Partial
Inclusions Six Fridges, Six Stoves
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Lited by EXP REALTY