4293 Canal Road, Severn, ON

$1,175,000
MLS#:S8409600
3 beds
3 baths
3500-5000 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 23, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Contemporary detached located in the coveted neighborhood of Rural Severn. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,175,000 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 164 x 209 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Softener, Sump Pump, Sauna
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 4293 Canal Road, a stunning contemporary modern home offering luxurious living in a peaceful setting near Lock 42 on the Severn River. This 3-bedroom, 2.5-bathroom home boasts a blend of vinyl siding with cedar accents, presenting spectacular curb appeal on a 0.79-acre lot. Constructed with ICF foundation and walls extending to the roof, this home ensures energy efficiency and durability.Step inside to discover 2,607 sq/ft of above-ground living space, where the open-concept design seamlessly connects the kitchen and living areas. The living room is a showstopper with its 20-foot ceilings, Western-facing floor-to-ceiling glass windows, and a cozy propane fireplace, while the rest of the home features 9-foot ceilings, creating a spacious and airy feel throughout.The chef's kitchen features a 9ft x 3ft Corian countertop island, a huge pantry, and main floor laundry for convenience. The primary bedroom on the main floor includes a spacious walk-in closet, a luxurious ensuite, and a walkout to a covered patio, perfect for morning coffee or evening relaxation. Upstairs, you'll find a versatile studio, a second-floor bedroom, a loft bedroom, and a 4-piece bath, providing ample space for family or guests.The 1,820 sq/ft unfinished basement is brimming with potential, featuring a sauna with slate tile and shower, a rough-in for a bar, and in-floor heating powered by a boiler system, which also heats the attached double garage. The home includes a propane furnace, AC, and a generator hookup with a transfer switch, ensuring comfort and peace of mind. Additional features include luxury engineered hardwood floors, a drilled well with UV and water softener systems, and a serene setting that offers ultimate privacy and tranquility.This extraordinary home at 4293 Canal Road is a rare find, combining modern elegance, practical amenities, and a beautiful natural setting. Dont miss your chance to make this dream home yours.

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Property Summary

This detached home located at 4293 Canal Road, Severn is currently for sale and has been available on SousaSells for 771 days. This property is listed at $1,175,000 with an estimated mortgage of $3,911* per month. It has 3 beds, 3 bathrooms, and is 3500-5000 square feet. 4293 Canal Road, Severn is in the Rural Severn neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 23, 2024
Sold price information is available to members only
Listed Date6/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleContemporary
ConstructionVinyl Siding
BasementUnfinished
Lot Size164 × 209 Feet
CountySimcoe
Annual Tax$5,298.98
Legal DescriptionPART LOT 13, CONCESSION 14 NORTH ORILLIA PART 1, PLAN 51R42836 TOWNSHIP OF SEVERN

Parking & Garage

Parking Spaces10.0
Garage Spaces8
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

River/Stream

Interior Features

Water Softener, Sump Pump, Sauna, Rough-In Bath, ERV/HRV

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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4293 Canal Road, 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 4293 Canal Road, 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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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$352,500 (30.0%)
* Minimum Canadian down payment required for this price is $235,000.
Amortization Period30 Years
Estimated Monthly Payment$3,911Based on a loan of $822,500 over 30 years.
Purchase Price$1,175,000
Loan Amount$822,500
Provincial Land Transfer Tax:$19,975
Total Estimated Closing Taxes:$19,975

About Purchasing a Home in Severn, ON

For a property listed at $1,175,000 in Severn, the legal minimum down payment is $235,000 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 $19,975 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 $19,975.

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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$1,144,041

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.