$790,000

$890,000For salePrice drop↓ $100,000 (11%)

4292 Graham Road, Severn - Single Family for Sale

4292 Graham Road, Severn, Ontario, L0K1E0

2 beds1 bath5 parking350 ft²88 × 261 ft (22,898 sq ft) lot sizeListed 57 days ago

Overview

This 2-bedroom, 1-bathroom home in Severn is for sale offering roughly 350 sq ft of space. Listed at $790,000, it is attractively priced about 12% below the $899,899 median asking price in Severn. It has been on the market 57 days, fresher than the Severn average of 88 days.

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Description

Welcome to your waterfront retreat! This is where your mornings begin with a coffee on the newer built deck overlooking beautiful Tea Lake, just a short 1.5-hour drive from Toronto. This charming classic four-season "Panabode" cottage/home is renowned for its long-lasting, high quality construction. The Panabode cottage/home is equipped with A/C for those hot summer days and nights. A cozy wood stove provides ambiance and plenty of heat after a day of snowmobiling, skiing or simply walking on the well-maintained private road. To enjoy this lovely cottage/home with confidence and ease, recent upgrades include a new heated water line and newer windows throughout. Stainless steel appliances enhance the well appointed kitchen. Relax on your dock throughout the day and enjoy the shallow, sandy waterfront, perfect for younger children and pets, with deeper water at the end of the dock for swimming. Whether you are looking for a quiet weekend escape or a place to experience all four seasons, this charming Panabode on the exceptionally clean Tea Lake, is ready for its next chapter. (id:66096)

Property Details

MLS®: S13764928
Property Type: Single Family
Zoning: SR3
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 350 ft²
Lot Size: 88 × 261 ft (22,898 sq ft)
Frontage: 87 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric, Wood
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Kitchen: 2.64 x 2.97 meters
Living room: 2.64 x 4.43 meters
Primary Bedroom: 2.65 x 2.93 meters
Bedroom 2: 2.64 x 2.96 meters
Bathroom: 1.7 x 2.17 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, Microwave, Water Heater
Foundation: Unknown, Wood/Piers
Exterior: Wood
Lot Features: Hillside, Level lot, Rocky, Dry, Level, Carpet Free

Services

Water: Lake/River Water Intake, Unknown
Sewer: Septic System
Utilities: Electricity, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Severn listings, avg age

88d

Price / ft²

$2,260

List price

$790K

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 has been listed for 57 days, which is 31 days fresher than the city average of 88. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty · BOB EMMETT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $790,000, about 9.0× the local median household income of $88,000.

Carrying it typically needs a household income of about $154,315 (20% down, 25-yr amortization, stress-tested) — roughly 75% 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)

$790,000· $2,260/ft²

For sale

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Full Cost Breakdown

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Down Payment6.84% · $54,000

Min 6.84%50%

Mortgage payment$4,081/mo

↳ CMHC premium ($29,440 capitalized)

Property tax (est.)$211/mo

Total monthly$4,292

Cash Needed to Close

Down payment (6.84%)$54,000

Land transfer tax$12,275

Est. closing costs$4,870

Total cash needed$71,145

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