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$799,500
Est. payment /mo
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $159
Subdivision Coldwater
MLS Listing ID S12246040
Annual Tax Amount $3,767
Tax Year 2025
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 5.8% and pricing of less than $100,000 per unit. All utilities are separately metered, with some tenants paying their own heat and hydro. 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
Lot Frontage 26.82
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Listed by EXP REALTY