$694,000
Severn
4654 Iron Bridge Lane, Severn (Washago), Ontario, P0E1N0
This 3-bedroom, 1-bathroom home in Severn is for sale offering roughly 1,300 sq ft of space. Listed at $694,000, it is attractively priced about 13% below the $800,000 median asking price in Severn. It has been on the market 50 days, fresher than the Severn average of 86 days.
Top 5 Reasons You Will Love This Home: 1) Own a cottage that helps pay for itself with the rare opportunity to enjoy the best of both worlds, featuring a documented nine year history averaging approximately $40,000 in annual Airbnb rental income, allowing you to enjoy the cottage whenever you choose while generating meaningful income when you're away, with financial records available to qualified buyers 2) Exceptional Severn River waterfront awaits with breathtaking river views from your private dock and charming waterfront gazebo, beautifully landscaped grounds, mature perennial gardens, and expansive outdoor living spaces that create the perfect backdrop for entertaining, relaxing, and making unforgettable memories with family and friends 3) Beautifully updated four-season cottage welcomes you inside with a warm and inviting interior showcasing an updated kitchen, a cozy dining room with a fireplace, and a spectacular great room featuring soaring cathedral ceilings and walls of windows that perfectly frame the stunning waterfront views while filling the home with natural light 4) Outdoor living at its best invites you to embrace the waterfront lifestyle with boating, swimming, fishing, and endless days on the water, while multiple outdoor seating areas, a spacious deck, and the waterfront gazebo create seamless spaces for morning coffees, afternoon gatherings, and spectacular sunset evenings 5) Perfect lifestyle and investment combining the charm of a year-round family retreat with the flexibility of a weekend getaway and the proven earning potential of a successful income-producing property, offering an exceptional opportunity to enjoy cottage living while helping offset ownership costs through established rental income. 1,397 above grade sq.ft. plus a finished lower level. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 50 days on market, against an average age of 86 days across the listings currently for sale in this city
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.
This 3-bed single family in Severn (Washago) has been listed for 50 days, which is 36 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $694,000, about 8.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $135,562 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0E)
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