1 / 8

Foreclosure signalInvestment signal

$1,275,000

12369 COUNTY ROAD 16

Save this home

Beds

—

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

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

About this home

Multi-residential investment opportunity. This asset is currently producing a net income of $68,980.49 (8 units). If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2026 expenses are currently estimated. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Rural Severn
Living area: 1
Lot size: 1.35 acres
Lot dimensions: 1.354
On market: Dec 5, 2025
Status changed: Apr 28, 2026
Annual tax: $6,626
Zoning: RM2
Photos: 8
MLS#: S12604756
Area: SEVERN

Features and systems

Heating

Baseboard heaters

Cooling

Partially air conditioned

Lot

Irregular lot size

Negative cash flow ~$1,370/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

-6.45%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,817

Financing

Down payment$255,000

Loan amount$1,020,000

Mortgage$5,168/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$584

Insurance$80

Maintenance$1,063

CapEx reserve$531

Vacancy loss$319

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 $5,168/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 28, 2026.