$1,295,000

$1,299,000For salePrice drop↓ $4,000 (0%)

Marr Lane, Severn - Single Family for Sale

Marr Lane, Severn, Ontario, P0C1M0

2 beds1 bath5 parking350 ft²277 × 255 ft (1.62 acres) lot sizeListed 14 days ago

Overview

This 2-bedroom, 1-bathroom home in Severn is for sale offering roughly 350 sq ft of space. It has been on the market 14 days, fresher than the Severn average of 89 days.

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Description

Welcome to 4376 Marr Lane, offering a north-facing waterfront property along the Trent-Severn Waterway with a fully furnished two-bedroom cottage and an adjoining vacant lot. Together, the two properties offer approximately 277 ft of waterfront frontage, combining the cottage's 177 ft with an additional 100 ft on the neighbouring lot. The cottage features walkouts from the primary bedroom and living room to spacious renovated decks, an updated bathroom, new flooring, and a new electrical panel. Above the garage is additional space with water views, ideal for accommodating family and guests, while the garage itself includes a workout area and updated fascia and soffit. Outside, you'll find a dry boathouse converted into a games room with rubber flooring, updated electrical wiring, and an automatic bug screen, along with a tool shed, covered seating area, gazebo, and expansive dock. The adjoining vacant lot is well treed and has a separate driveway, providing additional privacy and space to enjoy the natural surroundings. With private year-round access and parking for 5+ vehicles at the cottage property, this offering provides excellent accessibility in every season. Enjoy deep, clean waterfront ideal for swimming and boating, with direct access along the Trent-Severn Waterway to Georgian Bay. An opportunity to own two adjoining waterfront properties, offering added frontage, privacy, and room to enjoy everything waterfront living has to offer. Seller will offer a mortgage at 6% interest only with 20% down for 2 years. (id:66096)

Property Details

MLS®: S14102754
Property Type: Single Family
Zoning: SR3 EP
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 350 ft²
Lot Size: 277 × 255 ft (1.62 acres)
Frontage: 277 ft
Style: Log house/cabin
Basement: None
Heating: Baseboard heaters, Propane
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Living room: 5.02 x 4.08 meters
Dining room: 1.82 x 3.12 meters
Kitchen: 2.54 x 1.93 meters
Primary Bedroom: 3.96 x 2.97 meters
Bedroom: 2.66 x 2.97 meters
Bathroom: 1.9 x 2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Wood/Piers
Exterior: Log
Lot Features: Irregular lot size, Sloping, Flat site, Dry, Level, Carpet Free, Guest Suite

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Severn listings, avg age

89d

Price / ft²

$3,705

List price

$1.29M

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 14 days, which is 75 days fresher than the city average of 89. 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 (P0C)

This home lists at $1,295,000, about 16.5× the local median household income of $78,500.

Carrying it typically needs a household income of about $252,959 (20% down, 25-yr amortization, stress-tested) — roughly 222% above the area median.

Median household income: $78,500
Population: 4,824
Median age: 56.8
Owner / renter: 88% / 12%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P0C)

$1,295,000· $3,705/ft²

For sale

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Full Cost Breakdown

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Down Payment8.07% · $104,500.00

Min 8.07%50%

Mortgage payment$6,600/mo

↳ CMHC premium ($47,620 capitalized)

Property tax (est.)$419/mo

Total monthly$7,019

Cash Needed to Close

Down payment (8.07%)$104,500

Land transfer tax$22,375

Est. closing costs$6,385

Total cash needed$133,260

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