3414 Lee Avenue, Severn, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of West Shore. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $675,000 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 50 x 132 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating via gas
Description
LEGAL DUPLEX *** Brand new roof(2026) *** 2657 sq ft of total living space near the lake. 3 + 2 bedrooms raised bungalow, so tall that it looks like a two-storey and provides large windows for the basement. Upstairs: a huge living and dining room, modern kitchen with walk out to fenced yard, 3 bedrooms and 4 pc bath. Downstairs: 2 bedrooms, 4 pc bath, same modern kitchen with a dishwasher, Walk-out to yard. A solid construction, ICF foundation, build in 2008 as a duplex, with multiple entries for each units, Central A/C, carpet free. *** Two completely separated units, upstairs and downstairs, only sharing the laundry. Live upstairs and let the rent from the basement apartment to pay your mortgage. Short walk to Severn Shores Public School and a community beach with a small annual fee, easy access to Hwy 11. Pictures digitally modified to remove tenant's personal items. *** Basement currently vacant, upstairs tenant is moving out at the end of July.
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Pricing & Value Insights
Data-driven valuation for 3414 Lee Avenue, Severn, ON L0K 1G0
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About Purchasing a Home in Severn, ON
For a property listed at $675,000 in Severn, the legal minimum down payment is $42,500 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 $9,975 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 $9,975.
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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.