$899,900

For sale

3258 Loon Lane, Severn - Single Family for Sale

3258 Loon Lane, Severn, Ontario, L0K1S0

3 beds1 bath7 parking105 × 201 ft (21,105 sq ft) lot sizeListed 196 days ago

Overview

This 3-bedroom, 1-bathroom home in Severn is for sale. Its $899,900 asking price sits right in line with the $899,900 median in Severn.

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Description

Welcome to 3258 Loon Lane on Gloucester Pool-your ultimate summer escape, ready for unforgettable weekends on the water. This charming 3-season cottage offers 3 bedrooms, a 3-piece bathroom, & a bright open-concept kitchen, living, & dining area anchored by a cozy woodstove. Step outside to a spacious waterfront deck-perfect for entertaining, outdoor dining, or simply soaking in the views. Designed for hosting, the property also features a bunkie for overflow guests & an oversized single-car garage for all your toys. With a durable metal roof (2022), drilled well, septic system, & 105 feet of shoreline on a generous 0.48-acre lot, everything is set for easy cottage living. Gloucester Pool is a full-service lake with gas access & multiple restaurants, set along the Trent-Severn Waterway. From here, you're just one lock away from Georgian Bay & moments from the iconic Big Chute Marine Railway. Whether your days are filled with fishing at sunrise, wakeboarding & tubing in the afternoon, or winding down with a glass of wine as the sun sets over the water, this property delivers the full cottage lifestyle ready to enjoy this summer! Located only 1.5 hours from the GTA. (id:66096)

Property Details

MLS®: S13029828
Property Type: Single Family
Zoning: SR1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 7
Lot Size: 105 × 201 ft (21,105 sq ft)
Frontage: 105 ft
Storeys: 1
Style: Raised bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Living room: 4.72 x 2.34 meters
Kitchen: 2.36 x 3.04 meters
Primary Bedroom: 2.32 x 2.88 meters
Bedroom 2: 2.28 x 2.88 meters
Bedroom 3: 2.31 x 2.6 meters
Bathroom: 2.31 x 1.89 meters
Dining room: 4.78 x 2.42 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Irregular lot size, Dry

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

196d

Severn listings, avg age

89d

List price

$900K

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 3-bed single family in Severn is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty · VICTORIA POOLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $899,900, about 10.2× the local median household income of $88,000.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.

Median household income: $88,000
Population: 38,386
Median age: 50.8
Owner / renter: 90% / 11%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0K)

$899,900

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.22% · $64,990

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,396 capitalized)

Property tax (est.)$331/mo

Total monthly$4,960

Cash Needed to Close

Down payment (7.22%)$64,990

Land transfer tax$14,473

Est. closing costs$5,200

Total cash needed$84,663

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