12369 County Road 16
Coldwater
L0L 2C0
$1,695,000
Residential Income
beds: 8
baths: 8.0
6,556 sq. ft.
built: 1974
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40609857
- Bedrooms:
- 8
- Bathrooms:
- 8
- Year Built:
- 1974
- Photos (8)
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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 Type:
- Residential Income
- Property SubType:
- Multi-6-9 Unit
- Year built:
- 1974 (Age: 51)
- 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:
- Signup
- 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
- Tenant Belongings
- 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:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Attached Garage: No, Crops Included: No, Garage: Yes, Local Improvement Fees Exist: No, New Construction: No
- Road Access Fee:
- Signup
- 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:
- Signup
- Listed Date:
- Jun 21, 2024
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Listed by Sutton Group Incentive Realty Inc. Brokerage
Data was last updated April 3, 2025 at 05:50 AM (UTC)
- TRACY LOVE
- SUTTON GROUP - INCENTIVE REALTY BROKERAGE
- 1 (705) 7187050
- Contact by Email
Location
241 Minet's Point Road
Barrie, ON, L4N 4C4