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12369 County Road 16
Rural Severn Severn L0L 2C0

$1,295,000 /For Sale
Commercial

Main Photo: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 1: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 2: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 3: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 4: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 5: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 6: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 7: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Photo 8: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
Status:
Active
Prop. Type:
Commercial
MLS® Num:
S12604756
Bus Major:
Apts - 6 To 12 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
58980 sq. ft. Acres
Total Area:
1.35 acre(s)
Lot Depth:
0'
Lot Frontage:
297'10"
Lot Shape:
Irregular
Bathrooms:
10.0
Water supply:
Well
Zoning:
RM2
Heating type:
Baseboard
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$6,626 / 2025
Assessment:
$- / -
Simcoe
Severn
Rural Severn
Major Highway
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Septic
Air Conditioning:
Partial
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Outside Storage:
No
Date Listed:
Dec 05, 2025
Original Price:
Previous Price:
  • Photo 1: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
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  • Photo 5: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
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  • Photo 8: 12369 County Road 16 in Severn: Rural Severn Commercial for sale : MLS®# S12604756
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Listed by SUTTON GROUP INCENTIVE REALTY INC.
Data was last updated December 11, 2025 at 04:15 AM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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