12369 County Road 16 N/A

Severn L0L 2C0

$1,295,000

About the Property

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.

Extra info

Na

Property Details

Property Type:

Apartment

Land Size:

297.81 x 0.00 FT

Water Included:

N

Garage Type:

Outside/Surface

Annual Property Taxes:

$6,626

Cross Street:

F.R Nelson Road

Freestanding:

Y

Status:

For Sale

Community:

Rural Severn

Use:

Apts - 6 To 12 Units

Listing ID:

S12604756

Price History

Date

5th December 2025

Event

Listed For Sale

Price

$1,295,000

Time On Market

9 hours

Harpreet Rakhra

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    Harpreet Rakhra

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