12369 County Road 16 Severn, Ontario L0L 2C0
$1,295,000
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. (id:61852)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | S12604756 |
| Property Type | Multi-family |
| Community Name | Rural Severn |
| AmenitiesNearBy | Highway |
| Features | Irregular Lot Size |
Building
| BathroomTotal | 10 |
| Age | 31 To 50 Years |
| CoolingType | Partially Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 1 Ac |
| Type | Multi-family |
Land
| Acreage | Yes |
| LandAmenities | Highway |
| Sewer | Septic System |
| SizeFrontage | 297 Ft ,9 In |
| SizeIrregular | 1.354 |
| SizeTotal | 1.354 Ac |
| SizeTotalText | 1.354 Ac |
| ZoningDescription | Rm2 |
https://www.realtor.ca/real-estate/29166281/12369-county-road-16-severn-rural-severn
Interested?
Contact us for more information
Shannon Macintyre
Broker
241 Minet's Point Road, 100153
Barrie, Ontario L4N 4C4
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December 05 2025 05:39:50
Toronto Real Estate Board
Sutton Group Incentive Realty Inc.