12369 County Road 16 N/A, Severn, Ontario L0L 2C0 is For Sale and has a listing price of 1,295,000. The property is located in the Tay neighbourhood . It's been on the website for 1 Day.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 12/05/2025 | S12604756 | $1,295,000 | For Sale | - | - |
| 08/15/2025 | S12346588 | $1,495,000 | For Sale | - | - |
| 06/21/2024 | S8466538 | $1,595,000 | For Sale | - | - |
