Insufficient data to provide an accurate estimate
12369 County Road 16
+5
8
bed8
bath10
parking58980
sqft *Multiplex
* This unit size is calculated from property.ca data
$1,750,000
Instant Estimate Not Available
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$1,750,000
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
58980 sqft
Lot size
-
Street frontage
E
Possession
-
Price per sqm
$319
Taxes
$6,023.62 (2024)
Parking Type
Detached Garage
Style
-
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Description
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.
Broker: Sutton Group Incentive Realty Inc. Brokerage
MLS®#: 40609857
Property details
Parking:
10
Parking type:
Detached Garage
Property type:
Multiplex
Heating type:
Baseboard,
Style:
-
MLS Size:
609 sqm
Lot front:
90.53 M
Listed on:
Jun 21, 2024
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Instant estimate:
Not Available
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© Property.ca Inc., Brokerage
MLS#: 40609857
Listed by Sutton Group Incentive Realty Inc. Brokerage
About 12369 County Road 16
12369 County Road 16 is a Waubaushene multiplex for sale right off F.R Nelson Road. This 58980 Squa multiplex was listed at $1750000 in June 2024 and has 8 beds and 8 bathrooms.
Groceries can be found at Foodland which is a 21-minute walk and you'll find Stone O E Dr a 12-minute walk as well.
Getting around the area will require a vehicle, as the nearest transit stop is a Bus Stop (36 Coldwater Rd) and is only a 17 minute walk
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