Description

Rare opportunity to own nearly 40 acres of prime land in a highly desirable location. Offering endless potential for a private estate, hobby farm, recreational property, or future development opportunity (buyer to conduct their own due diligence). Ideally situated directly across from Lake Couchiching, the property provides beautiful surroundings and the tranquility of country living while remaining just minutes from the amenities of Orillia, including shopping, dining, and services. Convenient access to Highway 11 makes commuting easy while still enjoying privacy and open space. A rare offering in a sought-after area with incredible potential and limitless possibilities. (id:66096)

Market Timing

Days on market

42d

Severn listings, avg age

89d

List price

$1.75M

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 vacant land in Severn has been listed for 42 days, which is 47 days fresher than the city average of 89. Act while there is still low competition.

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Area context

Neighbourhood profile (L3V)

This home lists at $1,750,000, about 22.6× the local median household income of $77,500.

Carrying it typically needs a household income of about $341,836 (20% down, 25-yr amortization, stress-tested) — roughly 341% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$1,750,000

For sale

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Financing

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1894 Big Chief Road, Severn - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (L3V)

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Need a commercial mortgage?