3040 Grass Lake Line, Severn, ON

$129,000
MLS#:S13097596
0 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Severn. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $129,000 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 82 x 375.45 ft lot size

Description

Build your dream home on this 1.462-acre treed lot at 3040 Grass Lake Line in desirable Severn Township. Zoned RR/EP, this deep 375-foot property offers privacy with excellent access to major routes, direct access to southbound Highway 11 and just minutes from northbound Highway 11 and the city of Orillia. Enjoy the best of rural living with urban convenience nearby. This is an ideal opportunity for those seeking space and quick connectivity. Located minutes from Lake Couchiching and in proximity to amenities including Casino Rama Resort, Mara Provincial Park, and McRae Point Provincial Park. Convenient access to Orillia and Highway 11 supports commuter access and resale potential. Buyer to complete their own due diligence regarding site preparation, zoning, building permits, HST is included in the purchase price. Buyer responsible for all development charges, MTO and building permits, culvert fees, and any applicable municipal fees. Don't miss your chance to secure a prime building lot in a sought-after location. Being sold "as is" as it is an Estate sale. Do Not Walk Grounds Without An Appointment.

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Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 2, 2026
Sold price information is available to members only
Listed Date5/7/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size82 × 375.45 Feet
CountySimcoe
Annual Tax$625
Legal DescriptionPT LT 8 CON 12 NORTH ORILLIA AS IN R0315446; SEVERN

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Features

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Location

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3040 Grass Lake Line, 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 3040 Grass Lake Line, Severn, ON L0K 2B0

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 Rate5.25%
Down Payment$6,450 (5.0%)
* Minimum Canadian down payment required for this price is $6,450.
Amortization Period25 Years
Estimated Monthly Payment$730Based on a loan of $122,550 over 25 years.
Purchase Price$129,000
Loan Amount$122,550
Provincial Land Transfer Tax:$1,015
Total Estimated Closing Taxes:$1,015

About Purchasing a Home in Severn, ON

For a property listed at $129,000 in Severn, the legal minimum down payment is $6,450 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 $1,015 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 $1,015.

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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$1,134,745

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

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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.