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Listed 2 months ago

1764 Bay Park Road

Rural Severn, Severn

$1,399,888

Detached|2-Storey
4 | 1 | 5
About this home

A Once-in-a-generation Opportunity To Own An Extraordinary Lakefront Estate On Lake Couchiching. Boasting More Than 400 Feet Of Pristine Shoreline, This Remarkable Property Features Two Private Sandy Beaches, A Scenic Point With Panoramic Water Views, And A Rare Wet-slip Boathouse. Held Within The Same Family For Over 90 Years, This Cherished Waterfront Retreat Offers Timeless Character And Exceptional Potential. The Original Three-season Cottage Features Four Spacious Bedrooms, A Dedicated Office/Den, An Expansive Living Room And Dining Area Ideal For Entertaining, And A Separate Kitchen. At The Heart Of The Cottage Is A Stunning Stone Fireplace, Handcrafted From Locally Collected Rocks, Creating A Warm And Authentic Focal Point That Reflects The Property's Rich Heritage And Natural Surroundings. Elegant Bi-fold French Doors Seamlessly Disappear Into The Walls, Opening Onto A Large Screened-in Three Season Porch - The Perfect Place To Relax And Take In The Breathtaking Lakefront Views.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$4,118
Lot Size215 ft x 0 ft
mls© NumberS13426380
Listed ByLPT REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,165
Property tax
$343
Heat allowance
$150
Housing costs
$7,658 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $279,978
25-yr amortization

Income needed

$236,000

gross annual household income

Payment at 4%
$5,891 / mo
Cash down
$279,978

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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