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. 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 $115,000 per unit with a 5.8% 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. (id:61594)
| MLS® Number | S12246046 |
| Property Type | Multi-family |
| Community Name | Coldwater |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Frontage | 40 Ft |
| Size Irregular | 40 Ft |
| Size Total Text | 40 Ft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/28522589/24-coldwater-road-w-severn-coldwater-coldwater
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