$499,000

$529,000For salePrice drop↓ $30,000 (6%)

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8410 11 Highway, Severn (Ardtrea) - Single Family for Sale

8410 11 Highway, Severn (Ardtrea), Ontario, L3V6H3

3 beds1 bath parking

3783 Campbell Road, Severn (Ardtrea), Ontario, L3V0V3

4 bd2 ba6 pkLot size 100 × 265 ft (26,500 sq ft)

Listed by EASY LIST REALTY LTD.

Investment analysis

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$499,000

Severn

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Overview

This 3-bedroom, 1-bathroom home in Severn is for sale offering roughly 900 sq ft of space. Listed at $499,000, it is attractively priced about 6% below the $529,900 median asking price in Severn. It has been on the market 65 days, fresher than the Severn average of 131 days.

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Description

CAN'T BEAT THIS PRICE! Newly renovated from top to bottom, this move-in-ready property offers total peace of mind with a brand-new A/C unit, new kitchen appliances, energy-efficient newer windows, a durable metal roof (2017), and a reliable propane furnace (2019). The home features a fully functional septic system, drilled well, and a completely finished basement that maximizes your living space. Outside, the property boasts a massive driveway with a large parking area ideal for multiple vehicles or recreational toys, alongside a spacious, large rear yard perfect for outdoor enjoyment. Conveniently vacant and available for easy, immediate showings, this turn-key gem is ready for you to just unpack and enjoy. (id:66096)

Property Details

MLS®: S13727848
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 106 × 169 ft (17,943 sq ft)
Frontage: 106 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $1,526/yr
Listed: 65 days ago

Market Timing

Days on market

65d

Severn (Ardtrea) listings, avg age

131d

Price / ft²

$554

List price

$499K

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 $499,000, about 6.4× the local median household income of $77,500.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 26% 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)

$499,000· $554/ft²

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$127/mo

Total monthly$2,755

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

8410 11 Highway, Severn (Ardtrea) - Single Family for Sale

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