$365,000
Severn
11401 Highway 12, Severn (Coldwater), Ontario, L0K1E0
This 2-bedroom, 2-bathroom home in Severn is for sale offering roughly 900 sq ft of space.
MOTIVATED SELLER -Welcome to country living on 1.3 acres! Ideally situated between Orillia and Coldwater, this 2-bedroom, 2-bath home presents an excellent opportunity for investors, contractors, handy buyers, or anyone looking to take on a renovation project. Priced to reflect the work required, this property offers incredible potential for those with the vision to transform it into something special.Filled with natural light, the front living room features beautiful hardwood floors that extend throughout much of the home, providing a solid foundation to build upon. Recent improvements include a new roof (2024), an upgraded propane fuel system replacing the previous oil tanks, and a brand-new hot water tank (2026), allowing you to focus your efforts on bringing the rest of the home back to life. The second bathroom is currently not operational and will require restoration.Outside, the 1.3-acre lot offers exceptional privacy with mature trees, a detached single-car garage, and endless possibilities for gardens, hobbies, or future improvements. Conveniently located just minutes from Orillia and Coldwater, you'll enjoy easy access to shopping, dining, schools, parks, trails, Highway 12, and Mount St. Louis Moonstone Ski Resort for year-round recreation.If you're searching for a turnkey home, this property may not be the right fit. However, if you're looking for a property with tremendous upside and aren't afraid to roll up your sleeves, this is a fantastic opportunity to build equity and create something truly your own. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 113 days on market, against an average age of 49 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in Severn (Coldwater) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $365,000, about 4.1× the local median household income of $88,000.
Carrying it typically needs a household income of about $71,297 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L0K)
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