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Rural Severn, Severn
$575,000
Charming 3 plus 1 bedroom raised bungalow with spacious finished basement , nestled on a half acre lot. A quiet dead end street sets the tone for this tranquil property that offer lots of space and privacy. Family friendly living with school bus drop off at end of the street. All the amenities that Orillia offers, like large stores, shopping, hospital, restaurants and a vibrant downtown are minutes away. If outdoor recreation is what you are craving then you are in luck because you are in cottage country with nature trails and lakes Couchiching and Simcoe nearby. All the benefits of country living with the advantages of urban amenities nearby.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,288 |
| Lot Size | 74 ft x 222 ft |
| mls© Number | S13636466 |
| Listed By | RE/MAX PREMIER 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%
- $2,943
- Property tax
- $191
- Heat allowance
- $150
- Housing costs
- $3,284 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$101,000
gross annual household income
- Payment at 4%
- $2,420 / mo
- Cash down
- $115,000
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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