2438 Amigo Drive, Severn

$925,000
2438 Amigo Drive

$925,000

New
23d
DetachedBungalow-Raised

2438 Amigo Drive, Severn

Total Monthly Obligation $4,400

Beds
3
Baths
3
Park
10
Sqft
2000-2500
DOM
23d
Score
17
Yield
3.8%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-S13844482
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-127 × 109 ft
Listed on site-Sep 30, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-16-30
Taxes-$3,521 (2025)
Parking-15 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EXPERIENCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Stucco (Plaster), Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-West Shore
Title-Residential Freehold

No agent assigned

Welcome to a lifestyle where space, versatility and outdoor living come together beautifully. Nestled on over one-third of an acre and just steps from the sparkling shores of Lake Couchiching, this exceptional Severn property offers so much more than a beautiful place to call home. Showcasing timeless stone and stucco curb appeal, the home offers over 2,130 sq ft of above-grade living space with 3 bedrooms and 3 bathrooms. At the heart of the home is a custom-designed kitchen featuring stunning granite countertops, a spacious breakfast bar, abundant workspace, and timeless finishes, flowing seamlessly into bright, inviting principal rooms that are perfect for everyday living and entertaining. A separate studio apartment adds incredible flexibility for extended family, guests, a home office, or potential additional income. Outside, the beautifully landscaped grounds are truly something special. Expansive gardens, thoughtfully designed private seating areas, and a relaxing hot tub invite you to slow down, entertain, and enjoy your surroundings throughout the seasons. For the car enthusiast, hobbyist or anyone needing exceptional workspace and storage, this property delivers. An attached 2-car garage is complemented by an impressive detached 3-car garage complete with a separate heated office-ideal for a workshop, home-based business, or simply room for all the toys. With incredible garage space, flexible living options, beautiful gardens, and Lake Couchiching just steps away, 2438 Amigo Drive offers a rare combination of lifestyle and practicality in a peaceful Severn setting. More than a home, it's a property designed to be enjoyed inside and out.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$740,000
Land Transfer Taxes$14,975
Legal Fees (Est.)
$
Total cash required for closing$201,475

Total Monthly Obligation

$4,400/mo
Mortgage $3,731
Monthly Loss $3,418
Principal$982
Interest$2,749
Property Tax$293
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.3%
Returns Index
10.6/ 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
$34,800/yr
NOI
$23,299/yr
Net Cash Flow
-$1,790/mo
Cash Margin
-61.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.3/ 100

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

Comparables

Properties near 2438 Amigo Drive

Time

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