$1,275,000
FOR SALE

Investment

Lot: 297.81 x 0 ft
2025 Taxes: $6,626

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

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.
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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 Feb 06, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 585940036
Legal Description PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T/W & S/T RO1204931; SEVERN
Possession Date Flexible
Taxes (2025) $6,626
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
Air Conditioning Partial
Garage Type Outside/Surface
Heat Type Baseboard
Sewers Septic

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