2055 Elana Drive, Severn, ON

$1,599,900
MLS#:S13447774
5 beds
5 baths
2000-2500 sqft
13.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Marchmont. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,599,900 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.

  • 5 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 156.9 x 199.76 ft lot
  • Features a apartment, separate entrance, full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 13.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Auto Garage Door Remote, Bar Fridge
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this stunning custom-built raised executive bungalow, set on a quiet street in one of the area's most sought-after neighbourhoods. Offering over 4,000 sq. ft. of beautifully finished living space, this home perfectly blends luxury, comfort, and versatility. Impressive curb appeal features a 3-car garage and an expansive paved driveway w/parking for 10+ vehicles. Inside, you'll find a bright, open-concept layout with oversized windows and elegant finishes throughout.The heart of the home is the beautiful white chef's kitchen, complete with quartz countertops, stainless steel appliances, and a large island. It flows seamlessly into the dining area and great room, where a striking two-sided fireplace creates a warm and inviting space for everyday living and entertaining. The private primary suite offers a peaceful retreat with a spa-inspired ensuite. A separate bedroom wing includes two additional spacious bedrooms and a full bathroom. The fully finished lower level adds even more living space with a large rec room, exercise area,3-piece bath, and a fourth bedroom. A fully self-contained 1-bedroom suite offers incredible flexibility for extended family or potential rental income, complete with its own kitchen, living area with gas fireplace,bathroom, laundry, and garage & patio access. Step outside to a professionally landscaped backyard featuring an inground saltwater pool, mini putt area, covered deck, separate suite patio, and expansive yard, perfect for relaxing or entertaining. Located just minutes to Orillia, Rotary Place, and Lake head University, and within walking distance to parks, trails, and Marchmont Public School, this home also offers easy access to nearby lakes and ski hills for year-round enjoyment. A rare opportunity to own a move-in-ready home that truly has it all.

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Key Features

Bedrooms
5
Bathrooms
5
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/15/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionVinyl Siding
BasementApartment, Separate Entrance, Full, Finished
Lot Size156.9 × 199.76 Feet
CountySimcoe
Annual Tax$7,296
Legal DescriptionLOT 1, PLAN 51M1008 SUBJECT TO AN EASEMENT FOR ENTRY UNTIL 2027/09/29 AS IN SC1456044 TOWNSHIP OF SEVERN

Parking & Garage

Parking Spaces13.0
Garage Spaces10
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Air Exchanger, Auto Garage Door Remote, Bar Fridge, Water Heater, Water Softener, Sump Pump, In-Law Suite, Accessory Apartment, Central Vacuum, In-Law Capability, Primary Bedroom - Main Floor, Storage

Security Features

Community Features

Location

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2055 Elana Drive, 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 2055 Elana Drive, Severn, ON L3V 0C1

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.

Market Trend
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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 Rate5.25%
Down Payment$319,980 (20.0%)
* Minimum Canadian down payment required for this price is $319,980.
Amortization Period25 Years
Estimated Monthly Payment$7,627Based on a loan of $1,279,920 over 25 years.
Purchase Price$1,599,900
Loan Amount$1,279,920
Provincial Land Transfer Tax:$28,473
Total Estimated Closing Taxes:$28,473

About Purchasing a Home in Severn, ON

For a property listed at $1,599,900 in Severn, the legal minimum down payment is $319,980 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 $28,473 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 $28,473.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,365,900

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.