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Royal LePage
Royal LePage
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$830,000

Severn ON, L0K 1E0

MLS® # S12496660

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 12000 sqft
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 12000 Square Feet
  • Irregular: Yes
  • Lot Depth: 204.0 Feet
  • Lot Frontage: 64.0 Feet
  • Lot Size: 64 x 204 FT
  • Zoning: C1

Courtesy of: EXP REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 15 COLDWATER ROAD, Severn, Ontario, L0K 1E0

Demographic Information of 15 COLDWATER ROAD, Severn, Ontario, L0K 1E0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$104,500.06

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.71 %

High school certificate or equivalent

33.69 %

Apprenticeship trade certificate/diploma

6.17 %

College/non-university certificate

30.26 %

University Degree

12.17 %

Commuter

Travel To Work

By Car

92.84 %

By Public Transit

0.0 %

By Walking

7.16 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.25 %

Houses

95.75 %

Own Vs. Rent

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