Severn, ON L0L2C0 12369 County Road 16 N/A

$1,695,000

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Presented By: SUTTON GROUP INCENTIVE REALTY INC.

MLS# S8466538
10/12/2024

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Baths • 10
SQFT • 1

Home Details

Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000.

Presented By: SUTTON GROUP INCENTIVE REALTY INC.

Interior Features for 12369 County Road 16 N/A

Bedrooms

Bathrooms

Total Baths10

Other Interior Features

Air Conditioning Y/NNo

Basement (Y/N)No

Elevator?No

Fireplace Y/NNo

Heating Y/NNo

General for 12369 County Road 16 N/A

Attached Garage No

Building Area UnitsAcres

Business TypeApts - 6 To 12 Units

CitySevern

Community FeaturesMajor Highway

CoolingPartial

CountySimcoe

Electric Expense18250.19

Electric On Property Y/NNo

ExpensesEstimated

Garage Y/NNo

Heater TypeBaseboard

Insurance Expense8884.44

Legal DescriptionPT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T/W & S/T RO1204931; SEVERN

Lot Depth0.0

Lot Size UnitsFeet

ModificationTimestamp2025-03-31T18:18:06Z

New ConstructionNo

Occupancy TypeTenant

Property Attached Y/NNo

Property SubtypeInvestment

Property TypeCommercial

Senior Community Y/NNo

SewerSeptic

Standard StatusActive

StatusPrice Change

Tax Annual Amount6023.62

Tax Assessed Value665000

Tax Year2024

UtilitiesAvailable

Virtual TourClick here

Waterfront Y/NNo

Exterior for 12369 County Road 16 N/A

Building Area Total1.354

Garage TypeOutside/Surface

Lot Size SourceGeoWarehouse

SpaNo

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.

Price $1,695,000

MLS#S8466538

List Date 10/12/2024

Property Type Commercial

Phone 289.816.2923

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