3872 Elva Lane, Severn

$865,000
3872 Elva Lane

$865,000

New
2d
DetachedBungalow

3872 Elva Lane, Severn

Total Monthly Obligation $4,230

Beds
2
Baths
1
Park
5
Sqft
700-1100
DOM
2d
Property Type-Detached
MLS® Number-S14101020
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-229 × 194.46 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,390 (2026)
Parking-5 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-Royal LePage In Touch Realty
Cooling-None
Laundry-No
Fireplace-Propane
Pool-None
Facing-North
Exterior-Wood
Roof-Metal
Foundation-Piers
Sewer-Septic
Possession-Immediate
Neighbourhood-Rural Severn
Title-Residential Freehold

No agent assigned

Spectacular Waterfront Property on Tea Lake - Privacy, Beautiful Views & Endless Possibilities! Welcome to your private waterfront retreat on beautiful Tea Lake in Severn Township! This charming 2-bedroom plus seasonal bedroom, 1-bath bungalow-style cottage offers an incredible opportunity to enjoy cottage living surrounded by nature. Boasting an impressive 238 feet of deep, clean waterfront, the 1+ acre property features a recently renovated steel-frame dock extending along the shoreline, perfect for swimming, boating, fishing, or simply relaxing while enjoying spectacular lake views. With Crown land bordering two sides, you'll enjoy exceptional privacy in a peaceful natural setting. Enjoy the existing cottage or explore the possibility of building your dream home on this spectacular property. Future development is subject to municipal and regulatory approvals. Although primarily seasonal, the heated waterline and cozy propane fireplace offer the opportunity to extend your enjoyment into the winter months. Imagine relaxing by the fire after a day of snowmobiling, with the snowmobile trail conveniently located at the rear of the property! Close to the famous Big Chute Marine Railway, this property is ideally situated for outdoor enthusiasts, offering excellent boating, fishing, snowmobiling, and exploring nearby waterways. Whether you're seeking a family cottage, a peaceful waterfront escape, or the perfect setting for your dream home, this Tea Lake gem offers an exceptional combination of privacy, natural beauty, and possibilities. Enjoy it today, dream about tomorrow!

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Closing Costs

Mortgage Amount
$692,000
Land Transfer Taxes$13,775
Legal Fees (Est.)
$
Total cash required for closing$188,275

Total Monthly Obligation

$4,230/mo
Mortgage $3,489
Monthly Loss $3,312
Principal$918
Interest$2,571
Property Tax$366
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 3872 Elva Lane

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