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12369 County Road 16 N/A Severn, ON L0L 2C0
10 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Rural Severn
MLS Listing ID S12604756
Annual Tax Amount $6,626
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Simcoe
Area Simcoe
Interior
Cooling Partial
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 297.81
Building
Building Age 31-50
Others
ParcelsYN No
Listed by SUTTON GROUP INCENTIVE REALTY INC.