2073 AVERY Lane, Severn, ON

$879,900
MLS#:S10894442
3 beds
2 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 3, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Marchmont. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $879,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 100 x 301 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 2073 Avery Lane, a beautiful custom built raised bungalow in the desirable village of Marchmont. This property showcases over 1800 sqft of living space situated on a large 0.69 acre lot (100'x300'). A beautiful new inground, salt water pool was introduced in 2020 alongside a large deck and landscaped backyard. Enjoy the convenience of living 5 minutes from the town of Orillia and just 15 minutes from the ski hills! Additional features include a new septic system (2022), a new well pump (2022), skylight (2022), cold room, sump pump, furnace room, newly built pool shed for storage, and the potential for an in-law suite.

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Property Summary

This detached home located at 2073 AVERY Lane, Severn is currently for sale and has been available on SousaSells for 764 days. This property is listed at $879,900 with an estimated mortgage of $2,929* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 2073 AVERY Lane, Severn is in the Marchmont neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionAluminum Siding, Brick
BasementFinished, Full
Lot Size100 × 301 Feet
CountySimcoe
Annual Tax$3,225
Legal DescriptionPT LT 2 CON 1 NORTH ORILLIA; PT POWLEY ST PL 74 NORTH ORILLIA AS CLOSED BY NSO16013, PT 6, 51R14742; SEVERN

Parking & Garage

Parking Spaces6.0
Garage Spaces5
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater, Sump Pump

Security Features

Community Features

Location

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2073 AVERY Lane, 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 2073 AVERY Lane, Severn, ON L3V 6H2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$263,970 (30.0%)
* Minimum Canadian down payment required for this price is $62,990.
Amortization Period30 Years
Estimated Monthly Payment$2,929Based on a loan of $615,930 over 30 years.
Purchase Price$879,900
Loan Amount$615,930
Provincial Land Transfer Tax:$14,073
Total Estimated Closing Taxes:$14,073

About Purchasing a Home in Severn, ON

For a property listed at $879,900 in Severn, the legal minimum down payment is $62,990 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 $14,073 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 $14,073.

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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$1,333,752

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.