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$975,000
Severn
Times shown are local to the property.
1650 Trader Cowan Road, Severn, Ontario, L0K1E0
This multi-family property in Severn is for sale offering roughly 2,250 sq ft of space.
Welcome to this custom built duplex bungalow in the peaceful countryside of Severn on a paved road, offering exceptional flexibility for families, extended families, multi-generational living, or investment income potential. Thoughtfully designed with 2,490 sq. ft. of finished living space all on one level, this home can be enjoyed as a spacious 4 bedroom, 3 bath residence or configured as a 2 bedroom home with a self-contained 2 bedroom apartment, complete with its own kitchen and living space. With no basement, every room is conveniently located on the main floor, providing easy accessibility and efficient living. Built in 2025, this quality home features two full kitchens, bright open-concept living areas, central air, propane forced air, hydronic hot water in both units, and heat pump in second unit, two HRV systems as well. Attached double garage with inside entrance to both units and ample parking. Situated on a generous 100' x 150' lot in Rural Severn, this versatile property is ideal for extended families, those looking to offset mortgage costs with rental income, or investors seeking a turnkey duplex-style opportunity. Enjoy the peace of country living only 10 minutes from Highway 400 and 20 mins from Costco Orillia. A rare opportunity to own a modern, custom-built home that offers outstanding flexibility to suit your lifestyle and investment goals. Hydro can be separated with 2 meters. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 95 days on market, against an average age of 89 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 4-bed multi-family in Severn 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 $975,000, about 11.1× the local median household income of $88,000.
Carrying it typically needs a household income of about $190,452 (20% down, 25-yr amortization, stress-tested) — roughly 116% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0K)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.