$1,595,000 $8,562 est/mo Sourced by Back At You
12369 County Road 16,Coldwater, ON L0L 2C0
Coldwater, ON L0L 2C0
Description
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.
Details
| MLS# | 40609857 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 336 |
| Listing Provided By | Sutton Group Incentive Realty Inc. Brokerage | Shannon Macintyre |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 6,556 |
| Story(s) | 2 |
| Units | 8 |
| Zoning | RM2 |
| Acreage | 1.35 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe County |
| City | Coldwater |
| Postal Code | L0L 2C0 |
| Area | Severn |
| Subarea | SE57 Coldwater |
| Community Name | SE57 Coldwater |
| Listing VS Median (in SE57 Coldwater) | |
Price: $1,595,000 low | high Med: $1,450,000 SqFt: 6,556 low | high Med: 4,200 $ / SqFt: $243 low | high Med: $345 On site: 336 low | high Med: 153.000000 | |
Listing Updated: May 15, 2025 at 3:10:33 PM PDT