A pic from exterior of the house or condo, the front or back of building for 12369 County Road 16, Coldwater Ontario L0L 2C0
320 days on Market

12369 County Road 16, Coldwater, Ontario L0L 2C0

Townhouse
-
8
~6556 sqft
$•••,•••
$1,695,000
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Townhouse
-
8
~6556 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$258/sqft

Est. Mortgage$7,279/mo

Tax Amount (2024)$6,024/yr

Days On Market320 days


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.


Property Details

StyleResidential Income
View-
Age of property1974
SqFt~6556 SqFt
Lot Size-
Parking Spaces10
MLS ®Number40609857
Community NameSevern
Data SourceITSO
Listing bySutton Group Incentive Realty Inc. Brokerage

Features

Heating: Baseboard, Electric, Propane
Cooling: Other

Features

Septic Tank

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property History

Jun 21, 2024
ListedActive
$1,695,000
320 days on market
history photo preview8
Listing by itso®
Property listed by Sutton Group Incentive Realty Inc. Brokerage, Brokerage

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Market Data - Severn

Geo Zone Map ThumbnailSevern

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

19 days

New Listings

Past 30 days

3 listings

Compared to

2024

6 listings

2023

3 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2023

$735,000


Population and Demographics

Overview

Total population 14416
Average household income $123,611

Age (%)

50 to 64
26%
65 and plus
24%
0 to 19
19%
35 to 49
16%
20 to 34
15%

Household composition (%)

Single family
72%
Single person
24%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
96%
Others
3%
French
1%

House tenancy (%)

Owners
90%
Renters
10%

Schools and amenities

Estimated Budget