3450 Lunge Point Lane, Severn, ON

$1,695,000
MLS#:S9017905
4 beds
2 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 15, 2024. 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 West Shore. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,695,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a spacious lot (Feet)
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Generator - Partial, In-Law Capability, Propane Tank
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

WATERFRONT OASIS BOASTING 148 FT OF SANDY FRONTAGE ON LAKE COUCHICHING & A DETACHED DOUBLE GARAGE WITH A LOFT! Welcome to your dream waterfront home, a private sanctuary just 15 minutes from Orillia, with 148 feet of pristine, sandy waterfront on Lake Couchiching. This .35-acre property offers southern exposure for sun-filled relaxation and stunning sunsets. The home features an expansive 120-foot dock, ideal for boaters and water activities. Enjoy the cozy warmth of wood floors, vaulted ceilings, and abundant natural light from skylights and large windows. The updated kitchen boasts stainless steel appliances, granite countertops, a bar fridge, and a dishwasher, seamlessly flowing into spacious living and dining areas perfect for entertaining. The primary bedroom is a private retreat with its own deck offering breathtaking water views, a walk-in closet, and a 5-piece ensuite bathroom. Outdoor living is further enhanced by a large deck with built-in seating, a hot tub, and ample space for gatherings or quiet moments. Additional features include a detached double garage with an upper loft living space and a full bathroom, perfect for guests or extended family. The property has a Generac system, central air, a durable metal roof, and a 200-amp panel. This waterfront #HomeToStay promises a serene lakeside lifestyle and unmatched privacy!

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Property Summary

This detached home located at 3450 Lunge Point Lane, Severn is currently for sale and has been available on SousaSells for 739 days. This property is listed at $1,695,000 with an estimated mortgage of $5,642* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 3450 Lunge Point Lane, Severn is in the West Shore neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 15, 2024
Sold price information is available to members only
Listed Date7/8/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementCrawl Space
CountySimcoe
Annual Tax$5,460.01
Legal DescriptionPT LT 120 PL 1079 NORTH ORILLIA AS IN RO1457928 T/W RO173408; SEVERN

Parking & Garage

Parking Spaces5.0
Garage Spaces3
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Lake/Pond, Other, School Bus Route, Waterfront, Park

Interior Features

Generator - Partial, In-Law Capability, Propane Tank, Other

Security Features

Community Features

Location

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3450 Lunge Point 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 3450 Lunge Point Lane, Severn, ON L3V 7A8

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$508,500 (30.0%)
* Minimum Canadian down payment required for this price is $339,000.
Amortization Period30 Years
Estimated Monthly Payment$5,642Based on a loan of $1,186,500 over 30 years.
Purchase Price$1,695,000
Loan Amount$1,186,500
Provincial Land Transfer Tax:$30,375
Total Estimated Closing Taxes:$30,375

About Purchasing a Home in Severn, ON

For a property listed at $1,695,000 in Severn, the legal minimum down payment is $339,000 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 $30,375 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 $30,375.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$870,609

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.