21 Coldwater Road E/s RD new Save Request In-Person Tour Request Virtual Tour
Simcoe,ON L0K 1E0
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Coldwater
MLS Listing ID S12496658
Annual Tax Amount $3,767
Tax Year 2024
Property Sub-Type Investment
Property Description
Well-located 8-unit mixed-use asset in the heart of downtown Coldwater, featuring 6 residential units and 2 highly established commercial tenants. With a 60% gap to market rents, this property offers strong long-term upside alongside an attractive entry cap rate of 6.5% and priced at only $89,000 per unit. All utilities are separately metered, with some tenants paying their own heat and hydro. Seller open to offering a potential first-position VTB, providing attractive financing flexibility for qualified buyers. Capital items are in good condition, including a 10-year-old roof and newer hot water tanks. This asset is part of a larger portfolio totalling 28 additional residential and commercial units, all situated on the same block, offering an excellent opportunity to acquire scale in a growing, high-demand small-town market.
Location
Province ON
County Simcoe
Community Coldwater
Area Simcoe
Interior
Cooling Partial
Exterior
Utilities Available Yes