Get access to recent sales data and market insights for this area
Sign in to see additional details, transaction history, and recent solds in the same area.
Please enter your email address below to receive a secure sign-in link.
$721,500
For Sale
24 Coldwater Road W, Severn, ON L3V 3L1
Severn, ON L3V 3L1
Property Sub Type
Investment
Property Type
Commercial
Property Use
Apartment
Solid 7-unit mixed-use building in downtown Coldwater, consisting of 6 residential one-bedroom units and 1 long-standing commercial tenant. Current rents offer a compelling 45% upside to market, making this a strong long-term investment with immediate growth potential. Vendor may consider a first-position VTB offering a compelling opportunity to reduce capital outlay. All tenants pay their own hydro, and each residential unit is equipped with its own furnace, keeping operating costs low. The roof was replaced in 2023, and the property has been well-maintained throughout. Priced attractively at $103,000 per unit with a 6.5% cap rate in place. This building forms part of a broader portfolio featuring 29 residential and commercial units, all located on the same block ideal for buyers seeking scale and efficiency in an emerging rental market.
