12369 County Road 16 Active Save Request In-Person Tour Request Virtual Tour
Coldwater,ON L0L 2C0
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
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