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Foreclosure signalInvestment signal

$559,999

2038 ST JOHNS ROAD

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Situated on a rare 60 x 207 ft lot in the heart of Innisfil, this 3-bedroom home offers an exceptional opportunity for families, investors, or future development in a rapidly growing area. Combining a functional layout with expansive outdoor space, the property delivers both immediate livability and long-term potential.Inside, you'll find three well-sized bedrooms, a bright and inviting living area, and a practical floor plan ideal for everyday living or rental income. The standout feature is the deep, private backyard with walkout access-perfect for entertaining, gardening, or exploring future expansion possibilities.Located just minutes from Innisfil Beach, Lake Simcoe, parks, schools, shopping, and the community centre, this property offers both convenience and lifestyle appeal.An excellent opportunity to invest, renovate, or build in one of Inisfil's most desirable and evolving neighbourhoods.Possibility to build multiplex residential apartment building, buyer to verify with township. Property being sold in "as-is, where-is" condition under Mortgagee in Possession (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Alcona
Common interest: Freehold
Lot dimensions: 60 x 210.1 FT
Bedrooms: 3 above grade
Parking: 5 total
Stories: 1
Fireplace: Yes
On market: Apr 10, 2026
Status changed: Apr 27, 2026
Annual tax: $2,784
Photos: 32
MLS#: N12981278
Area: INNISFIL_(ALCONA)

Features and systems

Parking

No Garage

Basement

Crawl space

Heating

Other

Cooling

None

Exterior

Aluminum siding

Foundation

Block

Lot

Conservation/green belt

Utilities

SewerElectricityCable

Negative cash flow ~$647/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

-6.93%

Cap rate

3.48%

GRM

16.7

Break-even rent

$3,481

Financing

Down payment$112,000

Loan amount$447,999

Mortgage$2,270/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$257

Insurance$80

Maintenance$467

CapEx reserve$233

Vacancy loss$140

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 $2,270/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.