1 / 3

Foreclosure signalInvestment signal

$1,595,000

16904 HIGHWAY 7 HIGHWAY

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 Drummond/North Elmsley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Here's an opportunity to develop a mixed use residential (zoned R4) property just 1 km east of the town of Perth. Take advantage of all the amenities Perth has to offer by building immediately next to its neighbouring township. This 15.594 acre lot currently established with a multi-residential 6 unit and 2 single dwelling properties fronting the highway and are being sold "where-is, as-is" ready for your development plans -the brown bungalow fronting the highway is perfect for a site office along with a steel shed with a garage door for equipment storage.. The second parcel at 16918 is single dwelling is also being sold "as-is, where-is" and measures .442acres. The land is level and dry, there is no surface water on the property. There is also an older environmental study for the 16904 parcel which indicated the property as clean. 24 Hrs. irrevocable please. *** All persons wishing to access to the property must be be accompanied by a Realtor *** (id:65958)

Subtype: Multi-family
Structure: Other
Community: 908 - Drummond N Elmsley (Drummond) Twp
Lot dimensions: 1147 FT ; 1
Bedrooms: 12 above grade
Parking: 0 total
Stories: 2
On market: Apr 18, 2025
Status changed: Apr 24, 2026
Annual tax: $3,232
Zoning: R4
Photos: 3
MLS#: X12091123
Area: DRUMMOND/NORTH_ELMSLEY

Features and systems

Parking

No Garage

Basement

Separate entranceN/A

Heating

Radiant heatForced airNot knownPropane

Cooling

None

Exterior

Aluminum siding

Foundation

Block

Lot

Level

Utilities

ElectricityCable

Negative cash flow ~$1,694/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

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,758

Financing

Down payment$319,000

Loan amount$1,276,000

Mortgage$6,465/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$731

Insurance$80

Maintenance$1,329

CapEx reserve$665

Vacancy loss$399

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 $6,465/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 24, 2026.