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12369 County Road 16
SE57 - Coldwater Coldwater L0L 2C0

$2,040,000
Residential Income beds: 8 baths: 8.0 built: 1974

Main Photo: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 1: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 2: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 3: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 4: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 5: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 6: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 7: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Photo 8: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40609857
Bedrooms:
8
Bathrooms:
8
Year Built:
1974
Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an “as is” “where is” capacity. There are outstanding capital required, Seller estimates $70,000.
Property Type:
Residential Income
Property SubType:
Multi-6-9 Unit
Year built:
1974 (Age: 50)
Listing General Location:
SE57 - Coldwater, Severn
Bedrooms:
8
Bathrooms:
8.0 (Full:-/Half:-)
Lot Size:
1.354 acre(s)
Lot Frontage:
297'10"
Frontage Type:
East
Kitchens:
0
County Or Parish:
Simcoe County
Taxes:
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, Local Improvement Fees Exist: No, New Construction: No
Construction:
Stone, Vinyl Siding
Basement:
None
Foundation:
Poured Concrete
Roof:
Rolled/Hot Mop, Shingle, Tar/Gravel
Number of Storeys:
2
Number of Buildings:
0
Other Structures:
None
Total Floor Area:
6,556 sq. ft.
Finished Area Above Grade:
6,556 sq. ft.
Fireplace:
false
Laundry Features:
In-Suite, Other
Water Supply:
Well
Sewer:
Septic Tank
Cooling:
Other
Heating:
Baseboard, Electric, Propane
Other
Dryer, Refrigerator, Stove, Washer
Separate Heating Controls, Separate Hydro Meters
Landscaped, Lighting, Separate Hydro Meters
Deck
false
0'
No
400 North, to Vassey Rd. (East), turn left onto Old Creamery Rd. - merge right onto County Rd. 16, at the corner.
None
No
Carbon Monoxide Detector(s)
HST Applicable To Sale Price:
Yes
Association Fee:
Association Fee Frequency:
Association Fee 2:
Association Fee 2 Frequency:
Administrative Fee:
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, Local Improvement Fees Exist: No, New Construction: No
Road Access Fee:
Electric Expense:
$18,250.19
Insurance Expense:
$8,884.44
Expenses:
Estimated
Heating Expense:
$5,186.19
Snow Garbage Expense:
$6,000
Trash Expense:
$1,444.22
Net Income:
$73,785.94
Zoning:
RM2
Total Acres:
1.354
Exposure / Faces:
West
Lot Site Features:
Irregular Lot, Highway Access, Open Spaces, Quiet Area
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, Local Improvement Fees Exist: No, New Construction: No
Garage Spaces:
0.0
Parking Places Covered:
0.0
Parking:
Detached Garage, Gravel, Unassigned
# Of Total Parking Spaces:
10.0
# Of Open Parking Spaces:
10.0
Driveway Parking:
Outside/Surface/Open
Road Frontage Type:
Public Road, Year Round Road
Road Surface Type:
Paved
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Num Occupied Units:
8
Total Units:
Listed Date:
Jun 21, 2024
  • Photo 1: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 1 of 8
  • Photo 2: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 2 of 8
  • Photo 3: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 3 of 8
  • Photo 4: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 4 of 8
  • Photo 5: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 5 of 8
  • Photo 6: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 6 of 8
  • Photo 7: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 7 of 8
  • Photo 8: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    Photo 8 of 8
Listed by Sutton Group Incentive Realty Inc. Brokerage
Data was last updated July 20, 2024 at 03:50 AM (UTC)