12369 County Road 16
Severn, L0L 2C0
FOR SALE
$1,275,000

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Investment
CATEGORYRM2
ZONINGS12604756
MLSIDContact Us
Property Description
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.
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Property Details
Address
12369 County Road 16
Community
City
Postal Code
L0L 2C0
Property Type
Investment, Investment
Days On Market
105
Use
Apartment
Zoning
RM2
Taxes
$6,626 (2025
Heat Type
Baseboard
Water
Well
Garage Type
Outside/Surface
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Listing contracted with Sutton Group Incentive Realty Inc.
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