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Listed 1 month ago

1123 Severn River Road

Morrison, Gravenhurst

$699,900

Detached|Bungalow
2 | 1 | 4
About this home

Discover the perfect balance of quiet retreat and endless adventure at 1123 Severn River Road. Nestled on a peaceful leg of the Severn just off the main channel you'll enjoy calm, sheltered waters ideal for swimming, kayaking, and casting a line, while still having effortless access to the full Trent-Severn Waterway. Set out for a day on Sparrow Lake, or cruise farther to Georgian Bay, Lake Couchiching, or Lake Simcoe all from your own dock.This year-round cottage boasts approximately 105 feet of shoreline, offering an enviable waterfront lifestyle just 20 minutes north of Orillia and about 1.5 hours from the GTA. A rare double boat house, nearly impossible to replicate today, is paired with a one-bedroom boat-house bunkie for a true waterfront experience. A second detached bunkie with two beds and a 2-piece bath gives family and friends a private retreat only steps from the water.The current owners have invested in thoughtful structural, mechanical, and cosmetic upgrades strengthening the shoreline, improving core systems, and creating new outdoor living spaces so you can relax knowing the essential work has been done.With its easy access off HWY 11, this property blends the nostalgia of cottage life with the convenience of modern comfort. Whether you're reeling in your morning catch from the dock, gathering by the fire under the stars, or soaking in peaceful river views with a coffee at sunrise, 1123 Severn River Road is a waterfront haven where every season is one to savour.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,591
Lot Size105 ft x 146 ft
mls© NumberX13603562
Listed ByENGEL & VOLKERS BARRIE

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%
$3,582
Property tax
$216
Heat allowance
$150
Housing costs
$3,948 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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