ON > Severn > Rural Severn
Severn, ON L0L 2C0,12369 County Road 16 N/A
Severn, ON L0L 2C0,12369 County Road 16 N/A
Severn, ON L0L 2C0,12369 County Road 16 N/A
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Lauren Johnston

Lauren Johnston

+1(705) 321-0091
$1,295,000
Est. payment /mo
10 Baths
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Rural Severn

MLS Listing ID S12604756

Annual Tax Amount $6,626

Tax Year 2025

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Simcoe

Area Simcoe

Interior

Cooling Partial

Exterior

Community Features Major Highway

Utilities Available Available

Lot Frontage 297.81

Building

Building Age 31-50

Others

ParcelsYN No

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Listed by SUTTON GROUP INCENTIVE REALTY INC.

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Lauren Johnston

Lauren Johnston

+1(705) 321-0091

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