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Investment signal

$729,000

60 GRAY STREET

Beds

4

Baths

3

Sqft

Year

About this home

Multi-generational or Investment Opportunity. New Construction 60 & 62 Gray St. Both Homes are Available Separately and they are Priced Individually: Here are 6 things you will love about these 2 modern semi-detached duplexes. 1. Each have a Legal Apartment: This isn't just a home; it's 800 additional sq. ft. of powerful financial asset or a separate living space for family. The separate legal 1-bedroom apartment is complete with its own private entrance, separate hydro meter, full kitchen, laundry hookup, separate forced air furnace plus it has cozy in-floor heating throughout, and a walkout deck is perfect for generating rental income or for private multigenerational living. 2. A Stunning Open-Concept Entertainment Space: The 1,718 sq.ft. main residence is designed for modern living and has lots of wow factor. The second floor features a spectacular open-concept great room with soaring 12 ft. ceilings, and a cozy gas fireplace. Efficient forced-air heating and central A/C throughout plus additional in-floor heat on ground level ensure perfect comfort in every season, while the seamless walkout leads to your private covered balcony.3. Worry-Free New Construction: Enjoy total peace of mind knowing this home is brand new and protected by a New Build Tarion Warranty and ICF separation between units. Everything is modern, efficient, and built to last, allowing you to simply move in and relax.4. A Flexible & Functional Layout: The main home offers a versatile 3-bedroom, 2-full-bathroom layout perfect for families of any size. Everyday convenience is built right in including an attached single-car garage with handy inside entry.5. An Unbeatable Walkable Location: Situated just a short walk from the heart of Coldwater, you can easily leave the car at home. Stroll to downtown shops, nearby parks, and the local public school in minutes.6. Modern Style & Move-In Ready: With contemporary finishes and a thoughtful design, this home is the definition of move-in ready. (id:65958)

Subtype
Multi-family
MLS#
S12990572
Area
SEVERN_(COLDWATER)
Negative cash flow ~$1,436/mo at these assumptions

Cash on cash

-11.82%

Cap rate

3.53%

GRM

16.6

Break-even rent

$5,161

Financing

Down payment$145,800
Loan amount$583,200
Mortgage$3,578/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$334
Insurance$80
Maintenance$608
CapEx reserve$304
Vacancy loss$183

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,578/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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