3488 Timberline Avenue, Severn, ON

$968,880
MLS#:S8405502
4 beds
4 baths
8.0 parking
Residential Freehold
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⚠️

Property no longer active

This property was sold on August 2, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of West Shore. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $968,880 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 4 Bathrooms
  • Premium 83 x 61 ft lot size
  • Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Bar Fridge
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in front of a serene creek and forested area, this meticulously crafted residence offers a harmonious blend of quality craftsmanship and comfort. Boasting many upgrades, this home is a testament to a superb lifestyle. As you step onto the covered porch and into the front entrance, you're greeted by an aura of quality, with every detail thoughtfully curated. The main floor features a seamless open flow, perfect for both entertaining and relaxation. The heart of the home lies in its large open concept kitchen with large breakfast island. From intimate dinners to family gatherings, this space effortlessly caters to both. Ascend the oak staircase to discover spacious bedrooms, each offering ample space and abundant natural light. The primary suite is a retreat unto itself, complete with ensuite and walk-in closet. But the allure of this home extends beyond its impeccable interiors. Descend into the fully finished basement, a sanctuary of leisure and relaxation. Whether hosting movie nights or indulging in personal hobbies, this versatile space adapts to your every whim. A large and bright two and a half car garage allows for ample indoor parking or an additional entertaining space. With mature perennial gardens, this property allows ease of maintenance, or more opportunity for gardening enthusiasts. Embrace the beauty of nature, with the shimmering waters of Lake Couchiching just a short walk away.Enjoy leisurely strolls and the family-friendly neighborhood, exhilarating days on the water with the nearby boat launch, or picnics in the neighborhood parks. With its prime location and amenities, this home offers a lifestyle of recreation and convenience. Don'tmiss your chance

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Property Summary

This detached home located at 3488 Timberline Avenue, Severn is currently for sale and has been available on SousaSells for 771 days. This property is listed at $968,880 with an estimated mortgage of $3,225* per month. It has 4 beds, 4 bathrooms, and is unknown square feet. 3488 Timberline Avenue, 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
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 2, 2024
Sold price information is available to members only
Listed Date6/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementFull
Lot Size83 × 61 Feet
CountySimcoe
Annual Tax$4,289
Legal DescriptionLOT 3, PLAN 51M1091 TOWNSHIP OF SEVERN

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Bar Fridge

Security Features

Community Features

Location

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3488 Timberline Avenue, 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 3488 Timberline Avenue, Severn, ON L3V 6H3

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.

Market Trend
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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$290,664 (30.0%)
* Minimum Canadian down payment required for this price is $71,888.
Amortization Period30 Years
Estimated Monthly Payment$3,225Based on a loan of $678,216 over 30 years.
Purchase Price$968,880
Loan Amount$678,216
Provincial Land Transfer Tax:$15,853
Total Estimated Closing Taxes:$15,853

About Purchasing a Home in Severn, ON

For a property listed at $968,880 in Severn, the legal minimum down payment is $71,888 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 $15,853 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 $15,853.

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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.