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Investment signal

$469,000

121 HONEY HARBOUR Road

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Year

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Type

Vacant Land

Suite

Investment signal

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Location nearby

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

About this home

Prime development land in the heart of Port Severn, just 1 minute from Hwy 400 with excellent accessibility and exposure. This 1.924-acre vacant lot offers approximately 244 ft of frontage on Honey Harbour Road, a municipal year-round road. The property is fully cleared and ready for redevelopment, providing an excellent opportunity for investors, builders, or developers. Municipal services are available including water, sewer, electricity, and garbage/sanitary collection. The municipality has shown receptiveness to potential mixed commercial development for this site, making it a strong candidate for a variety of future uses Located within walking distance to the Trent-Severn Waterway and the Georgian Bay Heritage Coastline, and only about 1.5 hours north of Toronto. Port Severn is a rapidly growing destination with increasing tourism, boating activity, and new developments underway, making this property a strategic investment opportunity. (id:65958)

Subtype: Vacant Land
Community: Georgian Bay
Common interest: Freehold
Lot size: 1.92 acres
Lot dimensions: 1.92
On market: Apr 18, 2026
Status changed: Apr 23, 2026
Annual tax: $733.64
Zoning: R-1
Photos: 1
MLS#: 40822138
Area: PORT_SEVERN

Features and systems

Basement

None

Utilities

Natural GasElectricityCable

Negative cash flow ~$502/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.43%

Cap rate

3.58%

GRM

16.3

Break-even rent

$2,929

Financing

Down payment$93,800

Loan amount$375,200

Mortgage$1,901/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$215

Insurance$80

Maintenance$391

CapEx reserve$195

Vacancy loss$120

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 $1,901/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 23, 2026.