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LOADING

12369 County Road 16 Severn, Ontario L0L 2C0

10 Bathroom 1 ac
Partially Air Conditioned Baseboard Heaters Acreage

$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:60365)

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

Shannon Macintyre
Broker

Sutton Group Incentive Realty Inc.
241 Minet's Point Road, 100153
Barrie, Ontario L4N 4C4

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December 05 2025 05:39:50

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Sutton Group Incentive Realty Inc.

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