12369 County Road 16 Severn, Ontario L0L 2C0

$1,275,000

Multi-residential investment opportunity. This asset is currently producing a net income of $68,980.49 (8 units). 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 2026 expenses are currently estimated. (id:61215)

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