LOADING

12369 County Road 16 Coldwater, Ontario L0L 2C0

8 Bedroom 8 Bathroom 6556 sqft
Baseboard Heaters Acreage

$1,750,000

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. (id:51004)

Property Details

MLS® Number 40609857
Property Type Multi-family
Community Features Quiet Area
Features Crushed Stone Driveway
Parking Space Total 10

Building

Bathroom Total 8
Bedrooms Total 8
Basement Type None
Constructed Date 1974
Exterior Finish Stone, Vinyl Siding
Foundation Type Poured Concrete
Heating Fuel Electric, Propane
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 6556 Sqft
Utility Water Well

Parking

Detached Garage

Land

Access Type Road Access, Highway Access
Acreage Yes
Sewer Septic System
Size Frontage 298 Ft
Size Irregular 1.354
Size Total 1.354 Ac|1/2 - 1.99 Acres
Size Total Text 1.354 Ac|1/2 - 1.99 Acres
Zoning Description Rm2

https://www.realtor.ca/real-estate/27075261/12369-county-road-16-coldwater


Shannon MacIntyre
Broker

(705) 735-2246
(705) 739-1330
Sutton Group Incentive Realty Inc. Brokerage
241 Minet's Point Road
Barrie, Ontario L4N 4C4

(705) 739-1300
(705) 739-1330
www.suttonincentive.com

Interested?

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