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$1,265,000

Severn ON, L0K 1E0

MLS® # S12496654

Property Information:

Large 14-unit mixed-use building featuring 12 residential units and 2 commercial spaces, both leased to a well-established local business that has operated from the property for nearly 5 years. With a 57% gap to market rents, this asset offers substantial income growth potential at a 6.5% cap rate and just $90,000 per unit. Take advantage of flexible financing with a potential first-position VTB available ideal for investors looking to maximize leverage. The building is in solid condition with a 15-year-old metal roof in excellent shape. Recent capital upgrades include spray foam insulation and new windows along the rear and east-facing walls, along with structural reinforcement. One residential unit is fully gutted and ready for finishing, offering an easy value-add opportunity. Most tenants pay their own hydro; units are heated with electric baseboards, and the common areas are serviced by a central furnace. All hot water tanks have been replaced in recent years, reducing near-term capital needs. This property is part of a broader portfolio comprising 22 additional residential and commercial units, all located on the same block, perfect for investors seeking scale, efficiency, and upside in a growing small-town setting. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 6000 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 6000 Square Feet
  • Irregular: Yes
  • Lot Frontage: 66.9 Feet
  • Lot Size: 66.95 FT
  • Zoning: C2+EP

Courtesy of: EXP REALTY

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 28 COLDWATER ROAD W, Severn, Ontario, L0K 1E0

Demographic Information of 28 COLDWATER ROAD W, Severn, Ontario, L0K 1E0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$102,014.06

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.31 %

High school certificate or equivalent

32.55 %

Apprenticeship trade certificate/diploma

9.17 %

College/non-university certificate

25.4 %

University Degree

7.57 %

Commuter

Travel To Work

By Car

85.05 %

By Public Transit

0.0 %

By Walking

10.66 %

By Bicycle

0.0 %

By Other Methods

4.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.66 %

Houses

69.34 %

Own Vs. Rent