1662 Penley Road
Rural Severn, Severn
$698,818
What an amazing Location! This property boasts a Fantastic 10.5 acres at the corner of Highway 11 and Penley Road in Orillia. Also a second entrance that backs onto Division Road. Detached House, 3 Beds, 1 Bath. Brand new roof (Dec. 2025). New Water Filtration System (April 2026), Septic Tank recently cleaned (March 2026). Perfect for Live-in or rent-out. Currently tenanted (month to month), willing to stay or you can have vacant possession. Excellent trails, snowmobiles, ATV etc. Plenty of room to play and enjoy. Build/Development potential. Close to all amenities.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $1,350 |
| Lot Size | 0 ft x 0 ft |
| mls© Number | S13566394 |
| Listed By | SUTTON GROUP-ADMIRAL REALTY INC. |
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%
- $3,577
- Property tax
- $113
- Heat allowance
- $150
- Housing costs
- $3,839 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$118,000
gross annual household income
- Payment at 4%
- $2,941 / mo
- Cash down
- $139,764
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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