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Listed 1 month ago

1947 Woods Bay Road

Rural Severn, Severn

$649,000

Detached|Bungalow
3 | 0 | 6
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,150
Lot Size49.98 ft x 188.07 ft
mls© NumberS13545080
Listed ByRE/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.

Down payment20% · $129,800
25-yr amortization

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 check

Investment Analysis

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

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