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Investment signal

$729,000

60 GRAY STREET

Save this home

Beds

4

Baths

3

Sqft

Year

Type

Multi-family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Severn (Coldwater). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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
Structure
Duplex
Community
Coldwater
Lot dimensions
31.5 x 150 FT
Bedrooms
4 above grade
Parking
5 total
Stories
2
Fireplace
1
On market
Apr 13, 2026
Status changed
Apr 13, 2026
Annual tax
$0
Zoning
R2
Photos
32
MLS#
S12990572
Area
SEVERN_(COLDWATER)

Features and systems

Parking

Attached GarageGarage

Basement

None

Appliances

Microwave

Heating

Forced airNatural gas

Cooling

Central air conditioningAir exchanger

Exterior

HardboardVinyl siding

Foundation

Poured Concrete

Lot

Open spaceCarpet Free

Community

Community Centre

Utilities

SewerElectricityCable
Negative cash flow ~$813/mo at these assumptions

Cash on cash

-6.69%

Cap rate

3.53%

GRM

16.6

Break-even rent

$4,506

Financing

Down payment$145,800
Loan amount$583,200
Mortgage$2,955/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: 4.5% rate, 30-year amortization, 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 $2,955/mo at 4.5% with 20% down, 30-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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