$775,000

For sale

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3929 WOOD Avenue, Severn (West Shore) - Multi-family for Sale

3929 WOOD Avenue, Severn (West Shore), Ontario, L3V6H3

5 beds3 baths6 parking ft²

3414 Lee Avenue, Severn (West Shore), Ontario, L0K1G0

5 bd2 ba6 pk6,588 ft²Lot size 50 × 132 ft (6,600 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$775,000

Severn

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Overview

This multi-family property in Severn is for sale offering roughly 2,750 sq ft of space. It has been on the market 57 days, fresher than the Severn average of 78 days.

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Description

Steps to the lake, this beautiful purpose built duplex has partial ownership of a waterfront park & beach with communal dock access on Lake Couchiching. This large lot offers a fully fenced backyard on a quiet lakefront street. The duplex has 1, 4-bedroom, 2 bath unit and 1large 1-bedroom, 1 bath unit. Both units offer open concept living and stainless steel appliances. This property features two separately metered above grade units with individual garages each with private inside entry. Turn key investment in a lovely area of Orillia. (id:66096)

Property Details

MLS®: S13756520
Property Type: Multi-family
Zoning: R1-R2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 6
Interior Size: 2,750 ft²
Lot Size: 49 × 139 ft (6,811 sq ft)
Frontage: 49 ft
Storeys: 2
Basement: Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage, Inside Entry
Waterfront: Yes
Property Tax: $4,137.24/yr
Listed: 57 days ago

Rooms

Main level

Bedroom: 3.02 x 3.94 meters
Bedroom: 3.45 x 3.48 meters
Kitchen: 2.51 x 4.17 meters
Living room: 3.07 x 5.08 meters

Second level

Primary Bedroom: 3.43 x 4.34 meters
Bedroom: 2.69 x 4.34 meters
Bedroom: 3.48 x 2.79 meters
Dining room: 3.12 x 2.13 meters
Kitchen: 3.12 x 4.22 meters
Living room: 6.45 x 6.81 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Water Heater
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Severn (West Shore) listings, avg age

78d

Price / ft²

$282

List price

$775K

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.

Area context

Neighbourhood profile (L3V)

This home lists at $775,000, about 10.0× the local median household income of $77,500.

Carrying it typically needs a household income of about $151,385 (20% down, 25-yr amortization, stress-tested) — roughly 95% 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)

$775,000· $282/ft²

For sale

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Full Cost Breakdown

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Down Payment6.77% · $52,500.00

Min 6.77%50%

Mortgage payment$4,006/mo

↳ CMHC premium ($28,900 capitalized)

Property tax (est.)$345/mo

Total monthly$4,350

Cash Needed to Close

Down payment (6.77%)$52,500

Land transfer tax$11,975

Est. closing costs$4,825

Total cash needed$69,300

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3929 WOOD Avenue, Severn (West Shore) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3V)

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Full Cost Breakdown