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    For Sale - 12369 County Road 16 N/A, Severn, Ontario

    Est payment $6,122/mo
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    Views   2
    Time on Jump  204 day

    AI Summary *

    • Multi-residential investment with current net income over $68,000.
    • Potential for over $100,000 net operating income if fully leased.
    • Separate hydro meters available for tenant billing but not connected.
    • Includes 3 septic beds and 1 drilled well for utility management.
    • Property sold as-is with estimated capital requirement of $70,000.




    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.
    Listing IDS12604756
    Address12369 County Road 16 N/A
    CitySevern, Ontario
    Price$1,275,000
    Bath10 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major HighwayHeating / Cooling BaseboardSewer Septic

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    Listing Agency:  SUTTON GROUP INCENTIVE REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    12369 County Road 16 N/a
    Severn , Ontario
    10 $1,275,000
    Get more info