$949,000

For sale

2670 SOUTH SPARROW LAKE Road, Severn - Single Family for Sale

2670 SOUTH SPARROW LAKE Road, Severn, Ontario, P0E1N0

6 beds2 baths10 parking900 ft²1015 × 2300 ft (53.59 acres) lot sizeListed 9 days ago

Overview

This 6-bedroom, 2-bathroom home in Severn is for sale offering roughly 900 sq ft of space. It has been on the market 9 days, fresher than the Severn average of 88 days.

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Description

This is 57 Acres of Private Paradise! Enjoy approximately 57 acres of picturesque countryside with a private driveway leading to two homes on the property. The main residence features a finished basement, spacious decks, and a fenced dog run. The second home has been updated with flooring, fresh paint, and new closet doors. It also offers an unfinished walkout basement and was previously used as a rental unit. Hydro for the second home is supplied through the main house. The property is serviced by two separate septic systems and a shared well. Both homes are equipped with brand-new water filtration and UV systems. A true nature lover's retreat, the property is home to abundant wildlife, including ducks, wild turkeys, deer, and a wide variety of birds. If you're looking for a private family compound, multi-generational living, or an exceptional country escape, this property is a rare opportunity. (id:66096)

Property Details

MLS®: S14122352
Property Type: Single Family
Zoning: RUAL EP
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 2
Parking: 10
Interior Size: 900 ft²
Lot Size: 1015 × 2300 ft (53.59 acres)
Frontage: 1,015 ft
Storeys: 1
Style: Raised bungalow
Basement: Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Oil
Cooling: None
Garage: Carport, No Garage
Pool: Yes
Ownership

Rooms

Main level

Living room: 4.87 x 6.09 meters
Bathroom: 2.74 x 3.35 meters
Bedroom: 3.65 x 3.35 meters
Other: 4.87 x 5.48 meters
Bedroom: 2.74 x 2.74 meters
Bathroom: 3.35 x 2.44 meters
Bedroom: 3.35 x 3.35 meters
Bedroom: 3.65 x 2.74 meters
Bedroom: 3.65 x 2.43 meters
Living room: 3.96 x 6.4 meters
Other: 3.65 x 3.35 meters

Features

Appliances: Water Treatment, Water Heater
Foundation: Block
Exterior: Brick, Vinyl siding
Lot Features: Wooded area, Wetlands, Marsh, Sump Pump

Services

Water: Dug Well
Sewer: Septic System
Utilities: Electricity, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Severn listings, avg age

88d

Price / ft²

$1,054

List price

$949K

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 6-bed single family in Severn has been listed for 9 days, which is 79 days fresher than the city average of 88. Act while there is still low competition.

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Listed by EXP REALTY · CECILIA YANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $949,000, about 11.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 123% 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)

$949,000· $1,054/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$246/mo

Total monthly$5,120

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$15,455

Est. closing costs$5,347

Total cash needed$90,702

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