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Listed 12 days ago

1467 Cunningham Crescent

Rural Severn, Severn

$1,149,000

Detached|Bungalow
4 | 2 | 7
About this home

Top 5 Reasons You Will Love This Home: 1) Four bedroom, 1.5 bathroom four-season bungalow nestled along the highly sought-after west shores of Lake Couchiching on the scenic Trent-Severn Waterway, offering a bright open-concept layout and breathtaking lake views, delivering year-round comfort and unforgettable waterfront living 2) Expansive waterfront property boasting approximately 80' of pristine shoreline, highlighted by a rare sandy beach with a shallow, gradual entry, creating the perfect setting for swimming, family fun, and making lasting memories at the water's edge 3) Beautifully maintained cedar home offering nearly 1,500 square feet of comfortable living space, enhanced by durable vinyl siding, a dramatic vaulted living room, and a welcoming wood-burning fireplace with a Napoleon insert that creates a warm and inviting atmosphere 4) Packed with exceptional value and functionality, the property features a brand-new roof on both the home and detached garage (2026), an upgraded 200-amp electrical panel (2023), a drilled well with a heated water line and UV water filtration system, and updated attic insulation (2020), while a charming waterfront bunkie with hydro and a lakeside bedroom provides additional space for guests, complemented by a spacious L-shaped dock ideal for boating and swimming and a detached garage/workshop offering generous additional storage space 5) Located minutes from Orillia, Millennium Trail, and Orillia Soldiers' Memorial Hospital, with nearby golf and ski options, this Severn Township property provides reasonable taxes and an exceptional lifestyle in a highly desirable waterfront community. 1,439 fin.sq.ft.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,685
Lot Size79.31 ft x 202 ft
mls© NumberS13649480
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$5,881
Property tax
$390
Heat allowance
$150
Housing costs
$6,422 / mo

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

Down payment20% · $229,800
25-yr amortization

Income needed

$198,000

gross annual household income

Payment at 4%
$4,835 / mo
Cash down
$229,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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