Coldwater, ON L0L 2C0,12369 County Road 16
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Coldwater, ON L0L 2C0,12369 County Road 16
Coldwater, ON L0L 2C0,12369 County Road 16
Coldwater, ON L0L 2C0,12369 County Road 16
Coldwater, ON L0L 2C0,12369 County Road 16
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Listed by Shannon Macintyre • Sutton Group Incentive Realty Inc. Brokerage
$ 1,950,000
Est. payment /mo
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12369 County Road 16 Coldwater, ON L0L 2C0

8 Beds

8 Baths

6,556 SqFt


UPDATED:

10/22/2024 04:33 AM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 6,556 sqft

Price per Sqft $297

MLS Listing ID 40609857

Bedrooms 8

Abv Grd Liv Area 6,556

Originating Board Barrie

Year Built 1974

Annual Tax Amount $6,023

Lot Size 1.354 Acres

Acres 1.354

Property 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.

Location

Province ON

County Simcoe County

Area Severn

Zoning RM2

Direction 400 North, to Vassey Rd. (East), turn left onto Old Creamery Rd. - merge right onto County Rd. 16, at the corner.

Rooms

Other Rooms None

Basement None

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Baseboard, Electric, Propane

Cooling Other

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry In-Suite, Other

Exterior

Exterior Feature Landscaped, Lighting, Separate Hydro Meters

Garage Detached Garage, Gravel, Unassigned

Waterfront No

Roof Type Rolled/Hot Mop,Shingle,Tar/Gravel

Street Surface Paved

Porch Deck

Lot Frontage 297.81

Parking Type Detached Garage, Gravel, Unassigned

Garage Yes

Building

Lot Description Irregular Lot, Highway Access, Open Spaces, Quiet Area

Faces 400 North, to Vassey Rd. (East), turn left onto Old Creamery Rd. - merge right onto County Rd. 16, at the corner.

Story 2

Foundation Poured Concrete

Sewer Septic Tank

Water Well

Structure Type Stone,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 585940036

Ownership Freehold/None


Hal Canoglu

Agent | License ID: 5012956

+1(226) 700-1210

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12369 County Road 16