Description

 Price: $ 1,275,000.00 MLS^®: S12604756         Location : 12369 County Road 16 N/A, Severn, ON L0L 2C0

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.

Location Description

F.R Nelson Road

Property Details

• Community: Rural Severn
• Property Type: Tenant/Commercial
• Bath: 10
• Garages: Outside/Surface

Building Features

Features

• Heating: Baseboard
• Sewer: Septic ,