1888 TAY BAY Road, Severn, ON

$799,900
MLS#:S10896881
2 beds
1 baths
1100-1500 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 1, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Severn. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 1100-1500 sqft on a premium 150 x 336 ft lot
  • Features a unfinished, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient visitor configuration
  • Notable attributes: Water Heater Owned, Sump Pump, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Attention fishing enthusiasts and nature lovers, check out this adorable 2 bedroom 1 bathroom open concept bungalow with direct access to Georgian Bay!! Enjoy watching the sunset over Matchedash Bay from your newer 10x12 deck or fish right from your own personal dock. This newly(2020) renovated home features; a large updated kitchen with a breakfast bar, 9FT ceilings, newer appliances, newer living room windows over looking the water, 3PC bath with a beautifully tiled walk in shower, forced air furnace, with central air, metal roof, Generac Generator & an adorably finished Bunkie that offers Electric Baseboard heat and a beautiful view over the water. Truly a must see property to appreciate its beauty and peaceful surroundings! This property is only a short 10 minute drive into Coldwater, 30 minute drive to Midland, or a 35 minute drive to Bayfield street in Barrie. Book your viewing today!

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Property Summary

This detached home located at 1888 TAY BAY Road, Severn is currently for sale and has been available on SousaSells for 777 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 2 beds, 1 bathroom, and is 1100-1500 square feet. 1888 TAY BAY Road, Severn is in the Rural Severn neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementUnfinished, Crawl Space
Lot Size150 × 336 Feet
CountySimcoe
Annual Tax$2,126
Legal DescriptionPART LOT 8 CONCESSION 13 TAY AS IN RO829337; SEVERN TOGETHER WITH AN EASEMENT OVER PART BLOCK 7 PLAN 51M212, PART 3 51R42601 AS IN SC1718585 TOGETHER WITH AN EASEMENT OVER PART LOT 6 PLAN 51M212, PART 1 51R42601 AS IN SC1718586 TOWNSHIP OF TAY

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeVisitor

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned, Sump Pump, Water Softener

Security Features

Community Features

Location

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1888 TAY BAY Road, Severn, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1888 TAY BAY Road, Severn, ON L0K 1E0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Severn.

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Interest Rate4.00%
Down Payment$239,970 (30.0%)
* Minimum Canadian down payment required for this price is $54,990.
Amortization Period30 Years
Estimated Monthly Payment$2,663Based on a loan of $559,930 over 30 years.
Purchase Price$799,900
Loan Amount$559,930
Provincial Land Transfer Tax:$12,473
Total Estimated Closing Taxes:$12,473

About Purchasing a Home in Severn, ON

For a property listed at $799,900 in Severn, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Severn (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Severn, Severn.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,144,041

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.