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Royal LePage
Royal LePage
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$1,295,000

Severn ON, L0L 2C0

MLS® # S12604756

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 1 ac
  • Heating Type: Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 10
  • Amenities Nearby: Highway
  • Features: Irregular lot size
  • Floor Space (approx): 1 Square Feet
  • Lot Frontage: 297.8 Feet
  • Zoning: RM2
  • Sewer: Septic System

Courtesy of: SUTTON GROUP INCENTIVE REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 12369 COUNTY ROAD 16, Severn, Ontario, L0L 2C0

Demographic Information of 12369 COUNTY ROAD 16, Severn, Ontario, L0L 2C0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$116,000.00

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.49 %

High school certificate or equivalent

32.39 %

Apprenticeship trade certificate/diploma

9.86 %

College/non-university certificate

28.17 %

University Degree

14.09 %

Commuter

Travel To Work

By Car

100.0 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.5 %

Houses

92.5 %

Own Vs. Rent

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