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12369 County Rd 16 8 Unit Apartment Building $1,295,000 CAD ($161,875 CAD/Unit) 5.33% Cap Rate Coldwater, ON L0K 2C0
INVESTMENT HIGHLIGHTS
- Multi-residential investment opportunity featuring a 10-unit, two-story apartment building.
- The property includes three septic beds and one drilled well.
- The property generates a net income of $68,980.49 from eight units, increasing to $84,580.49 with nine leased units.
EXECUTIVE SUMMARY
Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated.
PROPERTY FACTS
| Price | $1,295,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $161,875 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.35 AC |
| Cap Rate | 5.33% | Building Size | 6,556 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | ||
| Zoning | RM2 - Residential Marketing 2 | ||
| Price | $1,295,000 CAD |
| Price Per Unit | $161,875 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 6,556 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | RM2 - Residential Marketing 2 |
AMENITIES
SITE AMENITIES
- Security System
- Smoke Free
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12369 County Rd 16
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