$1,275,000
FOR SALE

Multiplex

Bathrooms: 10Lot: 297.75 x 0 ft

12369 County Road 16
Severn, ON L0L 2C0

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. (id:47421)
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Listed By SUTTON GROUP INCENTIVE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S12604756
Last Updated May 24, 2026
Property Summary
Property Type Multiplex

More like this:
Use Apartments
Community Rural Severn
Price History

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Detailed Information
Bathrooms 10
Lot 297.75 x 0 ft
Amenities Nearby Highway
Features Irregular lot size
Listing Contract Date 2025-12-04
Location Description Cross Streets: F.R Nelson Road. ** Directions: 400 North to Exit 141 to Cnty Rd 16.
Property Type Multi-family
Transaction Type For sale
Zoning Description RM2
Business
Business Type Residential
Business Subtype Apartments
Building
Age 31 to 50 years
Cooling Type Partially air conditioned
Heating Type Baseboard heaters
Type Multi-Family
Land
Total Size 1.354 acres
Acreage Yes
Amenities Highway
Sewer Septic System
Size of Irregular Land 1.354

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