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12369 County Road 16 N/A, Severn, ON L0L 2C0

12369 County Road 16 N/A, Severn, ON L0L 2C0

Severn, ON, L0L 2C0 · Rural Severn

10 Baths
— Sq Ft
Investment Type
S12604756 MLS#

About this property

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.

Features & Amenities

  • Garage: Outside/Surface
  • Cooling: Partial
  • Heat Type: Baseboard
  • Sewer: Septic

Property Details

Property Type Commercial
Property Sub-Type Investment
Bathrooms 10
Garage Outside/Surface
Heat Type Baseboard
Cooling Partial
Sewer Septic
Annual Tax $6,626
Tax Year 2025

Building & Construction

Approximate Age
31-50
Building Area Total
1.354

Heating & Cooling

Heat Type
Baseboard
Cooling
Partial

Parking & Garage

Garage Type
Outside/Surface

Lot & Land

Lot Size Units
Feet
Lot Depth
0.00
Lot Width
297.81

Community & Neighborhood

Community Features
Major Highway

Financial & Tax

Tax Annual Amount
$6,626
Tax Year
2025
Possession Type
Flexible
Possession Details
Flexible

Utilities & Services

Sewer
Septic
Utilities
Available

Additional Details

Occupant Type
Tenant
County Or Parish
Simcoe
Cross Street
F.R Nelson Road
Directions
400 North to Exit 141 to Cnty Rd 16
Showing Requirements
List Brokerage

Location

12369 County Road 16 N/A, Severn, ON L0L 2C0, Severn, ON, L0L 2C0

Listing courtesy of SUTTON GROUP INCENTIVE REALTY INC.
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  • +1-(314) 892-2600
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  • 969 Pine Street Grand Rapids, MI 49503

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