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Main Photo: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 1: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 2: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
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Photo 12: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 13: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 14: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 15: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 16: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Photo 17: 3414 Lee Avenue in Severn: West Shore Commercial for sale : MLS®# S12874578
Status:
Active
Prop. Type:
Commercial
MLS® Num:
S12874578
Bus Major:
Apts - 2 To 5 Units
2657 sq ft of total living space near the lake. 3 + 2 bedrooms raised bungalow, so tall that it looks like a two-storey and provides large windows for the basement. Upstairs: a huge living and dining room, modern kitchen with walk out to fenced yard, 3 bedrooms and 4 pc bath. Downstairs: 2 bedrooms, 4 pc bath, same modern kitchen with a dishwasher, Walk-out to yard. A solid construction, ICF foundation, build in 2008 as a duplex, with multiple entries for each units, Central A/C, carpet free. Two completely separated units, upstairs and downstairs, only sharing the laundry. Live upstairs and let the rent from the basement apartment to pay your mortgage .Short walk to Severn Shores Public School and a community beach with a small annual fee, easy access to Hwy 11. House currently tenanted, showings for upper part only. Pictures digitally modified to remove tenant's personal items. *** Offers to be presented on Monday March 30 at 6 pm. The seller reserves the right to review and accept pre-emptive offers.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6588 sq. ft. Square Feet
Total Area:
6,588 sq. ft.
Lot Depth:
132'
Lot Frontage:
50'
Bedrooms:
5
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Zoning:
SR2
Heating type:
Gas Forced Air Closed
Heating Fuel:
Gas
Garage:
None
Parking Spaces:
6
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$2,846 / 2025
Assessment:
$- / -
Simcoe
Severn
West Shore
Major Highway, Public Transit
2 fridges, 2 stoves, 2 dishwashers, washer, coin-operated dryer
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Mar 12, 2026
Original Price:
Previous Price:
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Listed by REMAX YOUR COMMUNITY REALTY
Data was last updated March 17, 2026 at 06:15 AM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.