$245,000

For sale

4266 Canal Road, Severn (Washago) - Single Family for Sale

4266 Canal Road, Severn (Washago), Ontario, L0K2B0

2 beds1 bath6 parking900 ft²132 × 111 ft (14,652 sq ft) lot sizeListed 75 days ago

Overview

This 2-bedroom, 1-bathroom home in Severn is for sale offering roughly 900 sq ft of space. It has been on the market 75 days, fresher than the Severn average of 86 days.

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Description

Escape to the water in this charming 2-bedroom, 1-bathroom cottage nestled on lease land in beautiful Washago. Enjoy direct waterfront on the Trent-Severn Waterway, offering the perfect setting for boating, fishing, swimming, and relaxing by the water. The cozy interior features warm wood finishes, vaulted ceilings, and large windows that fill the space with natural light while showcasing peaceful waterfront views. Outside, enjoy a spacious, beautifully maintained yard and expansive deck overlooking the water, ideal for morning coffee, summer gatherings, and unforgettable cottage days. A detached garage provides excellent space for storing your boat, cottage toys, and seasonal equipment. A wonderful opportunity to own an affordable waterfront getaway and enjoy everything cottage country has to offer! Current Parks Canada Land Lease amount is $11,854/year. Please note: This cottage is being sold strictly "as-is, where-is." It is a seasonal cottage with a maximum residency of 7 months per year and is not intended for year-round residential use. Short-term rentals and income-producing use are not permitted. (id:66096)

Property Details

MLS®: S13700914
Property Type: Single Family
Zoning: R1, EP
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 132 × 111 ft (14,652 sq ft)
Frontage: 132 ft
Basement: None
Heating: Electric, Propane, Other
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Leasehold
Property Tax

Features

Foundation: Unknown, Wood/Piers
Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Water: Lake/River Water Intake
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

75d

Severn (Washago) listings, avg age

86d

Price / ft²

$272

List price

$245K

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 2-bed single family in Severn (Washago) has been listed for 75 days, which is 11 days fresher than the city average of 86. Act while there is still low competition.

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Listed by SIMCOE HILLS REAL ESTATE INC. · KAITLYNN BRODIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $245,000, about 2.8× the local median household income of $88,000.

Carrying it typically needs a household income of about $47,857 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$245,000· $272/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,250

Min 5%50%

Mortgage payment$1,290/mo

↳ CMHC premium ($9,310 capitalized)

Property tax (est.)$190/mo

Total monthly$1,480

Cash Needed to Close

Down payment (5%)$12,250

Land transfer tax$2,175

Est. closing costs$3,235

Total cash needed$17,660

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