$729,000

For sale

5 Severn River 406, Muskoka Lakes (Wood (Muskoka Lakes)) - Single Family for Sale

5 Severn River 406, Muskoka Lakes (Wood (Muskoka Lakes)), Ontario, L0K1E0

3 beds1 bath0 parking900 ft²323 × 622 ft (4.61 acres) lot sizeListed 44 days ago

Overview

This 3-bedroom, 1-bathroom home in Muskoka Lakes is for sale offering roughly 900 sq ft of space. Listed at $729,000, it is attractively priced about 37% below the $1,149,000 median asking price in Muskoka Lakes. It has been on the market 44 days, fresher than the Muskoka Lakes average of 110 days.

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Description

**Water Access Only** Escape to your own private retreat in Severn Falls. This turn-key 3-bedroom, 1-bathroom cottage is set on nearly 5 acres of peaceful wilderness, offering the perfect blend of relaxation, recreation, and privacy.Enjoy true water access living with over 300 feet of shoreline and your own private dock, ideal for boating, swimming, and soaking up long summer days. Located just minutes from the town dock, you'll have convenient access to local restaurants, groceries, and ice cream without the long boat ride.Surrounded by nature, the property features nearby trails to explore, a firepit for evenings under the stars, and an expansive front deck that's perfect for unwinding or entertaining.Previously operated as a desirable short-term rental, this property offers excellent income potential for those looking to generate revenue when not in personal use.Whether you're searching for a family getaway, a peaceful escape, or an investment opportunity, this cottage delivers. Possible Vendor Take Back (id:66096)

Property Details

MLS®: X13811196
Property Type: Single Family
Zoning: WR5
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Lot Size: 323 × 622 ft (4.61 acres)
Frontage: 323 ft
Storeys: 1
Style: Raised bungalow
Basement: Unfinished, N/A
Heating: Electric, Other
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Laundry room: 4.29 x 3.01 meters
Bedroom: 4.66 x 3.38 meters
Bedroom 2: 3.41 x 2.65 meters
Bedroom 3: 3.41 x 326 meters
Kitchen: 4.69 x 4.78 meters
Living room: 4.69 x 4.69 meters
Bathroom: 1.88 x 2.31 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Water Treatment, Window Coverings, Water Heater
Foundation: Block
Exterior: Wood
Lot Features: Irregular lot size, Carpet Free

Services

Water: Lake/River Water Intake
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Muskoka Lakes (Wood (Muskoka Lakes)) listings, avg age

110d

Price / ft²

$810

List price

$729K

Homes here sell below asking price

Homes in this market sold for an average of 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Muskoka Lakes (Wood (Muskoka Lakes)) has been listed for 44 days, which is 66 days fresher than the city average of 110. Act while there is still low competition.

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Listed by Revel Realty Inc · VICTORIA FOSTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $729,000, about 8.3× the local median household income of $88,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.

Median household income: $88,000
Population: 38,386
Median age: 50.8
Owner / renter: 90% / 11%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0K)

$729,000· $810/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$179/mo

Total monthly$3,955

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$11,055

Est. closing costs$4,687

Total cash needed$63,642

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