12369 County Road 16 Severn, Ontario L0L 2C0
10 Bathroom
1 Acres
Partially Air Conditioned
Baseboard Heaters
Acreage
$1,275,000
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:15069)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | S12604756 |
| Property Type | Multi-family |
| Community Name | Rural Severn |
| Amenities Near By | Highway |
| Features | Irregular Lot Size |
Building
| Bathroom Total | 10 |
| Age | 31 To 50 Years |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Interior | 1 Acres |
| Type | Multi-family |
Land
| Acreage | Yes |
| Land Amenities | Highway |
| Sewer | Septic System |
| Size Frontage | 297 Ft ,9 In |
| Size Irregular | 1.354 |
| Size Total | 1.354 Ac |
| Size Total Text | 1.354 Ac |
| Zoning Description | Rm2 |
https://www.realtor.ca/real-estate/29166281/12369-county-road-16-severn-rural-severn
Contact Us
Contact us for more information
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 02 2026 04:07:45
Toronto Regional Real Estate Board
Sutton Group Incentive Realty Inc.