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Investment signal

$2,999,900

12082 & 12078 Riverside DRIVE East

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Beds

7

Baths

8 full + 3 half

Sqft

Year

2016

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Tecumseh. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Waterfront gem in Tecumseh featuring 2 stunning residences on 1 parcel of land. Main house was built in 2016 by Wes-Con, featuring 3,213 square feet of pure luxury. Totalling 4+2 bedrooms and 5 bathrooms, stunning Chefs kitchen with top of the line appliances and granite countertops, formal living and dining, main floor laundry, 2.5 car garage with vehicle hoist, Generac generator, 2nd level with 3 oversized bedrooms,1 with an ensuite bath. Lower level featuring a great room, a recreation room and a theatre room with a surround sound system. Guest house built in 2020 by Gray Builders, 1,725 square feet, 3 levels, featuring 2 bedrooms, 1 ensuite bath and 2 half baths,2.5 car attached garage. The backyard has a covered patio with motorized screens, and an endless swim spa. This property offers endless possibilities for rental income or multi generational living. (id:65958)

Subtype
Single Family
Structure
House
Common interest
Freehold
Living area
4,938 square feet
Lot dimensions
75 X Irreg / 0.452 AC
Bedrooms
5 above grade, 2 below grade
Stories
2
Fireplace
1
On market
Apr 27, 2026
Status changed
Apr 27, 2026
Zoning
Res
Photos
47
MLS#
26009200
Area
TECUMSEH

Features and systems

Parking

GarageInside Entry

Appliances

WasherRefrigeratorHot TubOvenDryerMicrowaveCooktopTwo stovesTwo Refrigerators

Heating

Forced airNatural gasFloor heatFurnace

Cooling

Central air conditioning

Exterior

Concrete/Stucco

Flooring

HardwoodCarpetedCeramic/PorcelainCushion/Lino/Vinyl

Foundation

Concrete

Lot

Concrete DrivewayFront Driveway

Waterfront

Waterfront on lake
Negative cash flow ~$3,115/mo at these assumptions

Cash on cash

-6.23%

Cap rate

3.62%

GRM

16.7

Break-even rent

$18,279

Financing

Down payment$599,980
Loan amount$2,399,920
Mortgage$12,160/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,375
Insurance$80
Maintenance$2,500
CapEx reserve$1,250
Vacancy loss$750

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $12,160/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.

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