$1,950,000 FOR SALE

Investment

Lot: 297.81 x 0 ftTotal Area: 1.35 acres
2024 Taxes: $6,023.62Maintenance Fees: $6,000

12369 County Road 16
Severn, ON L0L 2C0 | Rural Severn | Simcoe

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.

Share

Listed By SUTTON GROUP INCENTIVE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8466538
Last Updated Sep 30, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 585940036
Legal Description PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T/W & S/T RO1204931; SEVERN
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $6,023.62
Tax Type Annual
Maintenance Fees $6,000
Assessment (2023) $665,000
Directions/Cross Streets F.R Nelson Road
Neighbourhood Rural Severn
Area Simcoe
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bathrooms 10
Lot 297.81 x 0 ft
Total Area 1.35 acres
Approximate Age 31-50
Air Conditioning Part
Garage Type Outside/Surface
Heat Type Baseboard
Gross Income/Sales $126,640
Hydro Expense $18,250
Heat Expenses $5,186
Insurance Expense $8,884
Management Expense $2,517
Taxes Expense $6,024
Other Expenses $1,863
Expenses Actual/Estimated Est
Outside Storage N
Area Influences Major Highway
Sewers Septic
Utilities A
Water Well
Survey N
Lot/Bldg/Unit Code Lot
Zoning RM2
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.