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$1,695,000
Available - For Sale
Listing ID: S8466538
12369 County Road 16 N/A , Severn, L0L 2C0, Simcoe
Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000.
Price $1,695,000
Taxes: $6,023.62
Tax Type: Annual
Assessment: $665000
Assessment Year: 2023
Occupancy by: Tenant
Address: 12369 County Road 16 N/A , Severn, L0L 2C0, Simcoe
Postal Code: L0L 2C0
Province/State: Simcoe
Legal Description: PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T
Directions/Cross Streets: F.R Nelson Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 1.35
Total Area Code:  Acres
Area Influences: Major Highway  
Approximatly Age: 31-50
Taxes Expense: $6024
Insurance Expense: $8884
 Management Expense: 2517
Maintenance: 0
 Heat Expenses: $5186
 Hydro Expense:  $18250
Other Expenses: $1863
Gross Income/Sales: $126640
Expenses Actual/Estimated: $Est
Outside Storage: F
Heat Type: Baseboard
Central Air Conditioning: Partial
Sewers: Septic
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Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SUTTON GROUP INCENTIVE REALTY INC.

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