Lot 1 Torpitt Road, Severn - Vacant Land for Sale

Lot 1 Torpitt Road, Severn, Ontario, P0E1N0

0 baths258 × 424 ft (2.51 acres) lotListed 138 days ago

Overview

This lot in Severn is for sale.

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Description

Save 27% on your property taxes! This level building lot on Sparrow Lake is just one and a half hours north of Toronto. Sparrow Lake is literally the gateway to Muskoka. However, this property is located in the Township of Severn, and that means your property taxes will be much lower than they are right across the lake in the Town of Gravenhurst. But that is far from the only reason to love this waterfront lot. Sparrow Lake is part of the Trent Severn waterway, a 386 kilometer route of canals, rivers, locks and lakes that connect Lake Ontario to Lake Huron via Georgian Bay This lot measures 2.8 acres, with approximately 258 feet of frontage on Sparrow Lake. This is a great opportunity to create a family retreat of unmatched privacy and beauty, close to marinas, resorts and dining, it is hidden gem at the gateway to Muskoka and the Great Lakes. A wonderful family retreat and a boater's paradise. (id:66096)

Property Details

MLS®: S13467234
Property Type: Vacant Land
Bathrooms: 0
Lot Size: 258 × 424 ft (2.51 acres)
Frontage: 258 ft
Waterfront: Yes
Property Tax: $1,800/yr
Listed: 138 days ago

Services

Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

138d

Severn listings, avg age

88d

List price

$648K

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 vacant land in Severn is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX HALLMARK CHAY REALTY · LANCE CHILTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $648,000, about 7.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $126,577 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.

Median household income: $83,000
Population: 3,606
Median age: 54.4
Owner / renter: 94% / 6%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0E)

$648,000

For sale

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Financing

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