12369 COUNTY ROAD 16

Severn, , L0L2C0, Canada

$1,295,000

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.

Last updated on : Friday 5th of December 2025 12:45:24 PM

ADDRESS

Street : 12369 COUNTY ROAD 16

City : Severn

Country : Canada

Postal Code : L0L2C0

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PROPERTY SUMMARY

Property ID : S12604756

Building Type : Multi-Family

Property Type : Multi-family

Bathrooms : 10

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