24 COLDWATER ROAD W, Severn, Ontario
$809,500
- 5,000 Square Feet
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:23309)
- Listing ID: S12246046
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 24 COLDWATER ROAD W in Severn Ontario. It was last modified on June 26th, 2025. Contact the Bird House Real Estate Team to schedule a viewing or to discover other Severn real estate for sale.