2703 Lakeside Drive, Severn, ON
Property no longer active
This property was sold on November 5, 2025. 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 aluminum siding construction, this residence presents an exceptional opportunity offered at $849,900 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 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 50.15 x 146.94 ft lot
- Features a crawl space, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Auto Garage Door Remote
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Nestled on the tranquil western shores of Lake Couchiching in the highly sought-after community of Cumberland Beach, this stunning lakefront property offers a rare opportunity to own a piece of waterfront paradise. Positioned on a slightly irregular, mature lot measuring 50.15' x 146.94', this lovingly maintained 2-bdrm, 1.5-bath home is being offered for sale for the first time in over 3 decades - just the 2nd time in its history. Built in '43, this residence blends timeless charm w/ functional living. An interlock walkway leads to a covered front portico, welcoming you into a bright and airy front foyer. The open-concept kitchen & dinette area incl a fridge, stove, & stackable washer & dryer, making it an efficient space for everyday living. A formal dining rm w/ custom built-ins & a bay window overlooks the side yard & offers glimpses of the lake. Step into the expansive 24.4' x 13' family rm - an entertainers dream - boasting various lake-facing windows, a cozy gas FP, & sliding doors opening to a composite deck where the view will take your breath away. The primary bdrm feat 2 storage closets & ensuite privileges leading to a 3-pc bath w/ a stand-up shower. The 2nd bdrm offers versatility, while the 2-pc powder room is conveniently located off the dining area. The property includes a detached 1-car grg w/ an attached workshop/shed, surfaced parking for one additional vehicle, and a recently updated 18.8' x 9'boathouse (foundation improvements), with a bonus ramp leading to an upper deck with updated railings - offering stunning elevated vistas of the lake and surrounding area. A removable dock is included in the sale. The sandy-bottom shoreline is ideal for swimming. Property connected to municipal water & sewer. Cumberland Beach is a family-friendly lakeside community just minutes from Orillia, offering easy access to Hwy 11,Casino Rama, marinas, schools, shopping, & all-season outdoor recreation. Enjoy peaceful living with big-city conveniences close by.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 2703 Lakeside Drive, Severn is currently for sale and has been available on SousaSells for 368 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 2703 Lakeside Drive, Severn is in the Rural Severn neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake Access, Library, Park
Interior Features
Auto Garage Door Remote
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Virtual Tours
Location
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 2703 Lakeside Drive, Severn, ON L0K 1G0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Severn.
Configure Loan Settings
About Purchasing a Home in Severn, ON
For a property listed at $849,900 in Severn, the legal minimum down payment is $59,990 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 $13,473 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 $13,473.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Severn, Severn.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.