$1,445,000

For sale

1168 Apter Lane, Severn - Single Family for Sale

1168 Apter Lane, Severn, Ontario, P0E1N0

4 beds2 baths6 parking1,300 ft²Listed 57 days ago

Overview

This 4-bedroom, 2-bathroom home in Severn is for sale offering roughly 1,300 sq ft of space. It has been on the market 57 days, fresher than the Severn average of 89 days.

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Description

Secluded Lakefront Gem on Sparrow Lake, Muskoka! A rare opportunity to own your own piece of paradise an enchanting family cottage to be cherished for generations. Just 90 minutes from Toronto, this 0.82-acre wooded lakefront property offers enduring privacy, protected in perpetuity by a unique Environmental Protection Zone that shields hundreds of adjacent acres from future development. With 195 feet of shoreline, the lot provides ample space for potential multi-structure redevelopment. No neighbours within earshot. Privacy assured. The existing four-season cottage features 4 bedrooms and 2 full washrooms, showcasing a classic wood cabin charm with vaulted ceilings, expansive windows, and lake views from two sides. Interiors include timeless Pioneer Handcraft wood furniture. The surrounding landscape and shoreline are filled with captivating nooks and crannies perfect for kids and nature lovers to explore. Enjoy deep, clean waters ideal for swimming and diving off the dock, in a tranquil bay free from boat traffic. The spacious wrap-around deck and large dock both recently refinished offer generous space for entertaining and relaxation. Additional outdoor features include a fire pit, premium outdoor furniture, a canoe, four kayaks, paddles, and life jackets for endless lakeside enjoyment. Sparrow Lake is a renowned fishing haven, home to northern pike, bass, walleye, perch, and more. (id:66096)

Property Details

MLS®: S13757244
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Frontage: 195 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Propane
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Water purifier, Water Treatment, Water Heater
Exterior: Wood

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Severn listings, avg age

89d

Price / ft²

$1,112

List price

$1.45M

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.

Haho

This 4-bed single family in Severn has been listed for 57 days, which is 32 days fresher than the city average of 89. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · EVAN MICHAEL MALACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $1,445,000, about 17.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $282,259 (20% down, 25-yr amortization, stress-tested) — roughly 240% above the area median.

Median household income: $83,000
Population: 3,606
Median age: 54.4
Owner / renter: 94% / 6%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0E)

$1,445,000· $1,112/ft²

For sale

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Full Cost Breakdown

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Down Payment8.27% · $119,500

Min 8.27%50%

Mortgage payment$7,349/mo

↳ CMHC premium ($53,020 capitalized)

Property tax (est.)$372/mo

Total monthly$7,721

Cash Needed to Close

Down payment (8.27%)$119,500

Land transfer tax$25,375

Est. closing costs$6,835

Total cash needed$151,710

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