$2,040,000
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.
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Listed By SUTTON GROUP INCENTIVE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8466538
Last Updated Jun 24, 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

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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

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