We report here realization of ferroelectricity, ferromagnetism and magnetocapacitance effect in singleSrFe12O19ceramic at room temperature. The ceramics demonstrate a saturated polarization hysteresis loop, two nonlinear I-V peaks and large anomaly of dielectric constant near Curie temperature, which confirm the intrinsic ferroelectricity of SrFe12O19 ceramicswith subsequent heat-treatment in O2atmosphere. The remnant polarization of the SrFe12O19 ceramic is estimated to be 103μC/cm2. The ceramic also exhibits strong ferromagnetic characterization, the coercive field and remnant magnetic moment are 6192Oe and 35.8emu/g, respectively. Subsequent annealing SrFe12O19 ceramics in O2 plays a key role on revealing its intrinsic ferroelectricity and improving the ferromagnetism through transforming Fe2+ into Fe3+. By applying a magnetic field, the capacitance demonstrates remarkable change along with B field, the maximum rate of change in ε (Δε(B)/ε(0)) is 1174%, which reflects a giant magnetocapacitance effect in SrFe12O19. XPS and molecular magnetic moment measurements confirmed the transformation of Fe2+ into Fe3+ and removal of oxygen vacancies upon O2 heat treatment. These combined functional responses in SrFe12O19 ceramics opens substantial possibilities for applications in novel electric devices.