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Listed 13 days ago

2505 Norton Road

Rural Severn, Severn

$1,349,900

Detached|Bungalow
3 | 3 | 7
About this home

Top 5 Reasons You Will Love This Home: 1) Enjoy 144' of Trent-Severn Waterway frontage complete with a private dock, sandy walk-in shoreline, and an approximately 20'x40' dry boathouse with an adjoining deck, creating an exceptional waterfront setting for boating, swimming, and outdoor recreation 2) Explore the renowned Trent-Severn Waterway with outstanding boating access to Sparrow Lake, Lake Couchiching, Lake Simcoe, Georgian Bay, and the iconic Big Chute Marine Railway 3) Main level featuring a spacious eat-in kitchen open to the living room with cathedral ceilings and beautiful water views, along with a primary bedroom offering a private ensuite and a bay window overlooking the waterfront 4) Fully finished walkout lower level featuring a complete in-law suite with its own kitchen and separate entrance, while the heated and insulated attached garage and covered carport provide exceptional space for vehicles, boats, trailers, and all your recreational gear 5) Positioned on a quiet low-traffic, dead-end street, and just a short drive to Highway 11 access, the professionally landscaped grounds showcase armour stone, interlock walkways, multiple decks, and inviting outdoor sitting areas, creating the perfect setting to relax and entertain. 1,752 above grade sq.ft. plus a finished lower level.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,204
Lot Size144.42 ft x 192.9 ft
mls© NumberS13662602
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%
$6,909
Property tax
$434
Heat allowance
$150
Housing costs
$7,493 / mo

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

Down payment20% · $269,980
25-yr amortization

Income needed

$231,000

gross annual household income

Payment at 4%
$5,681 / mo
Cash down
$269,980

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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