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$799,900

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1754 South Sparrow Lake Road, Severn - Single Family for Sale

1754 South Sparrow Lake Road, Severn, Ontario, P0E1N0

4 beds3 baths12 parking1,300 ft²264 × 166 ft (1.00 acres) lot sizeListed 23 days ago

Overview

This 4-bedroom, 3-bathroom home in Severn is for sale offering roughly 1,300 sq ft of space. Listed at $799,900, it is attractively priced about 11% below the $899,899 median asking price in Severn. It has been on the market 23 days, fresher than the Severn average of 88 days.

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Description

Oasis on a 1 ACRE LOT with separate in-law suite! Over 3000sqft of finished space! This turn-key home was completely renovated in 2008 including an addition and detached garage. Close drive into Orillia or Gravenhurst and minutes to Sparrow Lake. Privacy with your own Koi pond and fountain. Fully hooked up propane Generator - never be out of power again! INCOME POTENTIAL! This 4 bed 3 bath home also has 2 additional bedrooms, 1 full bath, full Kitchen and laundry in the Garage apartment. Fully finished basement in-law suite with walkout, separate entrance, full kitchen, separate laundry, propane fireplace and brand new vinyl plank flooring. So many upgrades; 200 Amp panel, On Demand HWT, AC, Starlink Internet, Bell Fibe Cable ran to house, and just waiting on hook up. Severn Shores/OSS School District. Don't miss out on everything this property has to offer! (id:66096)

Property Details

MLS®: S14032228
Property Type: Single Family
Zoning: RU
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 12
Interior Size: 1,300 ft²
Lot Size: 264 × 166 ft (1.00 acres)
Frontage: 264 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes

Features

Appliances: All, Water softener, Water Treatment, Water Heater - Tankless, Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Wooded area, Sump Pump, In-Law Suite

Services

Water: Artesian Well
Sewer: Septic System
Utilities: Electricity, Cable, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Severn listings, avg age

88d

Price / ft²

$615

List price

$800K

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 23 days, which is 65 days fresher than the city average of 88. Act while there is still low competition.

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Listed by Century 21 B.J. Roth Realty Ltd. · JESSICA WILEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $799,900, about 9.6× the local median household income of $83,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 88% 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)

$799,900· $615/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$234/mo

Total monthly$4,364

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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Open house

1754 South Sparrow Lake Road, Severn - Single Family for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0E)

Book a showing

Full Cost Breakdown