12369 COUNTY ROAD 16, Severn, Ontario
$1,295,000
- 10 Baths
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:50212)
- Listing ID: S12604756
- Property Type: Multi-family
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Listing provided by SUTTON GROUP INCENTIVE REALTY INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 12369 COUNTY ROAD 16 in Severn Ontario. It was last modified on December 5th, 2025. Contact The TanTeam to schedule a viewing or to discover other Severn real estate for sale.