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Rural Severn, Severn
$649,000
A rare opportunity on beautiful Lake Couchiching - 50 feet of clean, direct waterfront with private docking, year-round municipal road access, and the Trent-Severn Waterway at your doorstep. Set on an approximately 50 x 188 ft lot, this property offers incredible potential for buyers looking to renovate, rebuild, or create the waterfront retreat they have always wanted. The existing 3-bedroom cottage provides a starting point for renovation, while the real value is in the land, shoreline, location, and development upside. With development fees already paid, an approved septic permit in hand, natural gas available at the road, and direct lake views, much of the groundwork has already been done. Whether your vision is a modern year-round home, a weekend cottage escape, or a long-term investment on one of the area's most desirable waterways, this property checks the boxes. Enjoy southeast-facing shoreline, a private dock, clean waterfront, lake-sourced water, parking for up to six vehicles, and quick access to Orillia amenities just minutes away. A true blank canvas on Lake Couchiching - bring your plans, your builder, and your imagination.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,150 |
| Lot Size | 49.98 ft x 188.07 ft |
| mls© Number | S13545080 |
| Listed By | RE/MAX PRIME PROPERTIES |
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%
- $3,322
- Property tax
- $179
- Heat allowance
- $150
- Housing costs
- $3,651 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$112,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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