3338 Cox Drive, Severn

$699,999
3338 Cox Drive

$699,999

New
29d
Detached2-Storey

3338 Cox Drive, Severn

Total Monthly Obligation $3,459

Beds
5
Baths
2
Park
2
Sqft
1100-1500
DOM
29d
Score
22
Yield
5.5%
Cash on Cash
0.4%
Cap Rate
4.7%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Detached
MLS® Number-S13824766
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-72.31 × 135 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$3,129.82 (2025)
Parking-2 - None
Basement-Finished
Heating-Forced Air (Propane)
Brokerage-CV Real Estate
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-30 days/ASAP/Vacant
Neighbourhood-Rural Severn
Title-Residential Freehold

No agent assigned

Wake up on the water at 3338 Cox Drive, a fully renovated, move-in ready retreat on beautiful Lake St. George in Severn Township. Set on a premium western-facing lot with calm, swimmable shoreline and postcard-worthy sunsets, this 3+2 bedroom, 1.5 bath detached home with a fully finished basement offers true turnkey waterfront living.Inside, a stunning brand new kitchen with modern cabinetry, sleek countertops, and all new appliances opens into bright, open-concept living and dining spaces designed for entertaining. The home also features fully updated bathrooms and a newly added laundry room, blending modern comfort with relaxed cottage living.Extensive upgrades go far beyond the cosmetic, including a brand new veranda, shingles, eavestroughs, soffits, propane tank, central air conditioning, and a furnace replaced within the last five years-providing long-term confidence and low maintenance ownership.Step outside to newly completed landscaping that frames multiple outdoor living spaces, perfect for everything from quiet morning coffees to sunset gatherings overlooking the lake. Enjoy easy, gentle water entry ideal for swimming, boating, paddleboarding, and excellent fishing.Located just 5 minutes from Highway 11, you are 15 minutes to Orillia, 30 minutes to Muskoka, 40 minutes to Barrie, and approximately 90 minutes from Toronto-offering both convenience and escape.Whether you are looking for a full-time residence, a four-season cottage, or a high-performing investment, this property checks every box-with strong short-term rental potential supported by pro forma projections, making it an ideal opportunity to generate income while enjoying waterfront ownership.

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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$559,999
Land Transfer Taxes$10,475
Legal Fees (Est.)
$
Total cash required for closing$151,975

Total Monthly Obligation

$3,459/mo
Mortgage $2,824
Monthly Loss $2,716
Principal$743
Interest$2,081
Property Tax$261
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.0%50
10-Year IRR
12.1%
Returns Index
26.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$38,400/yr
NOI
$26,930/yr
Net Cash Flow
-$579/mo
Cash Margin
-18.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
25.8/ 100

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

Comparables

Properties near 3338 Cox Drive

Time

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Data last updated within the past 24 hours.