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$699,900
Severn
2082 Centre Avenue, Severn (Ardtrea), Ontario, L3V6H3
This multi-family property in Severn is for sale.
This well-built 2022 duplex offers an outstanding opportunity for investors, multi-generational families, or homeowners looking to live in one unit while generating income from the other. Featuring two fully self-contained units with separate entrances, utilities, and completely independent utility access for each unit, the property provides privacy, convenience, and cost efficiency, along with ample parking and a private garage.Constructed with energy-efficient ICF, it ensures durability, comfort, and reduced operating costs. The upper unit includes a spacious eat-in kitchen, three bedrooms, and in-suite laundry, while the lower unit offers a bright open-concept layout, two bedrooms, and its own laundry-ideal for rental or extended family.Conveniently located just minutes from Orillia, Gravenhurst, and Barrie, this approximately 2,072 sq. ft. property is a turnkey investment in a great location. Lot Irregularities: 37.99 ft x 148.96 ft x 157.84 ft x 190.76 ft (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 193 days on market, against an average age of 130 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 5-bed multi-family in Severn (Ardtrea) 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 $699,900, about 9.0× the local median household income of $77,500.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 76% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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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.