Welcome to this remarkable 1 Storey/Apt detached located in the coveted neighborhood of Rural Severn. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $399,000 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.
Welcome to 4274 Canal Road, your waterfront escape on the renowned Trent-Severn Waterway. Situated on a private leased lot with 75 feet of unobstructed waterfront, this charming 3-bedroom seasonal cottage offers the opportunity to enjoy waterfront living without the cost of traditional waterfront ownership.The bright, functional layout features a fully equipped kitchen, comfortable living area, three bedrooms, and a 3-piece bathroom, all on one level. Recent updates include a new roof, hot water tank, custom barn doors, a beautifully finished pine-accented primary bedroom, updated refrigerator and microwave, improved landscaping, driveway, and a detached single-car garage. The cottage is partially winterized and, with the addition of a heat line, could be enjoyed in all four seasons.Step outside to a spacious waterfront deck, perfect for morning coffee, entertaining, or relaxing by the water. The 10' x 30' dock offers excellent boating, swimming, fishing, and paddleboarding, while the newer waterside gazebo provides a peaceful place to dine or unwind. A custom fire pit and wood storage complete the outdoor experience.Spend your summers exploring the Trent-Severn Waterway, enjoy spectacular sunsets, and enjoy seasonal fall colours, winter snowmobile trails, ice fishing, and ski hills. Located approximately 1.5 hours north of Toronto and a short drive to Orillia and local amenities.**As an added bonus, the sellers will pay the first 12 months of the land lease following a successful purchase.** The current annual land lease is $11,854.Skip the airports, travel schedules, and time-shares-your waterfront retreat is ready whenever you are. Please note this is a seasonal cottage, not intended for year-round residential use. Short-term rentals and income-producing use are not permitted.
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None, Water Heater Owned
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 4274 Canal Road, Severn, ON L0K 2B0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Severn.
About Purchasing a Home in Severn, ON
For a property listed at $399,000 in Severn, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.
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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.