3469 Riverdale Drive, Severn

$749,000
3469 Riverdale Drive

$749,000

New
31d
DetachedBungalow-Raised

3469 Riverdale Drive, Severn

Total Monthly Obligation $3,396

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
31d
Score
17
Yield
3.5%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-S13817470
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-74.96 × 199.9 ft
Listed on site-Sep 22, 2026
Style-Bungalow-Raised
Building Type-Detached
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Propane)
Brokerage-Royal LePage Quest
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Washago
Title-Residential Freehold

No agent assigned

Get in early and pick your colours and finishes!!! This beautiful 3 bedroom, 2-bathroom bungalow is enroute to be finished February 2027!. Thoughtfully designed with modern comfort and everyday functionality in the open layout floorplan, vaulted ceilings, a cozy propane fireplace and premium engineered oak hardwood flooring. The kitchen features a large island and plenty of space to entertain with patio doors opening onto a spacious, low-maintenance composite deck complete with modern black metal railing. Convenient main-floor laundry and an attached interior entry from the double car garage, featuring an impressive 16-foot door. The unfinished basement provides even more potential and will be framed and spray-foam insulated with rough-ins for a future bathroom and bar. Additional features include central air, 200-amp service, BBQ propane line rough-in to the deck. A rare opportunity to enjoy the benefits of a new home, thoughtfully constructed and a touch of your choices to make it your own. This is a well designed floor plan that focuses on quality, function, and long term value. Ideally located just minutes from Washago and a short drive to Orillia, it offers the perfect blend of convenience and tranquility. With deeded access to the stunning Green River just steps away, you can explore miles of pristine waterways. Immerse yourself in nature and become part of the warm, welcoming community of Washago and peace of mind with Tarion Warranty. Pictures shown are of a similar house, same floorplan.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,396/mo
Mortgage $3,021
Monthly Loss $2,601
Principal$795
Interest$2,226
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
11.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$26,400/yr
NOI
$19,260/yr
Net Cash Flow
-$1,416/mo
Cash Margin
-64.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.5/ 100

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

Comparables

Properties near 3469 Riverdale Drive

Time

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