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.
Address
12369 County Road 16
List Price
$1,295,000
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Severn
Sub-Area
Rural Severn
Region
Simcoe
Bathrooms
10
Lot Size Source
GeoWarehouse
Lot Shape
Irregular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
297.81
Parcel Number
585940036
Total Building Area
1.354
Occupant Type
Tenant
Cross Street
F.R Nelson Road
Approx. Age
31 - 50 Years
MLS® Number
S12604756
Listing Brokerage
SUTTON GROUP INCENTIVE REALTY INC.
Postal Code
L0L 2C0
Posession Details
Flexible
Tax Amount
$6,626.00
Tax Year
2025
Site Influences
Major Highway
Community Features
Major Highway
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Baseboard
Cooling Features
Partial
Garage Type
Outside/Surface
Tax Legal Description
PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T/W & S/T RO1204931; SEVERN
Sewer
Septic
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