3143 South Sparrow Lake Road, Severn

$1,199,000
3143 South Sparrow Lake Road

$1,199,000

New
16d
Detached2-Storey

3143 South Sparrow Lake Road, Severn

Total Monthly Obligation $5,599

Beds
3
Baths
3
Park
4
Sqft
2000-2500
DOM
16d
Score
15
Yield
3.1%
Cash on Cash
-9.7%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Detached
MLS® Number-S13873084
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-99.96 × 152.44 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$4,644.89 (2025)
Parking-6 - Attached
Basement-Crawl Space
Heating-Forced Air (Propane)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Other
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Severn
Title-Residential Freehold

No agent assigned

LAKEFRONT LIVING WITH 109 FT OF SANDY SHORELINE, 2 GARAGES, & OVER 2,150 SQ FT ABOVE GRADE! Set on 109 feet of sandy waterfront along Lake St. George, this 2-storey family home places the lake at the centre of daily life, with a private dock, open water views, and a generous back deck positioned to take it all in. Set back from the road and framed by mature trees, the home is introduced by dormer windows, shutters, a covered front entry, and a flagstone walkway, while the detached garage, along with an attached 2-car garage with a loft space above, adds useful extra room for storage, hobbies, or a workshop. More than 2,150 square feet above grade gives the interior a substantial feel, with hardwood flooring, a bright kitchen finished with generous wood cabinetry, large pantry cabinets, a breakfast area, ample prep space, and a garden door walkout, while the dining room brings added character with a stone-surround fireplace and its own walkout. Separate living and family rooms allow the home to stretch out naturally, the main floor laundry is right where it should be, and the upper level offers three bedrooms, including a primary with a walk-in closet and private 4-piece ensuite. A heat pump installed in 2022 and a furnace replaced in 2025 add meaningful value. Lake St. George Golf Club, a 27-hole course, sits directly across the road, while Washago and Orillia are just 5 and 10 minutes away for shopping, dining, services, and essentials. What stays with you isn't just the view, but how the lake quietly pulls you outside and slows the pace, giving the entire property a sense of escape that's hard to replicate.

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

Closing Costs

Mortgage Amount
$959,200
Land Transfer Taxes$20,455
Legal Fees (Est.)
$
Total cash required for closing$261,755

Total Monthly Obligation

$5,599/mo
Mortgage $4,836
Monthly Loss $4,326
Principal$1,273
Interest$3,564
Property Tax$387
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.1%0
5-Year IRR
5.3%12
10-Year IRR
6.9%
Returns Index
7.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$37,236/yr
NOI
$24,368/yr
Net Cash Flow
-$2,806/mo
Cash Margin
-90.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
16.1/ 100

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

Comparables

Properties near 3143 South Sparrow Lake Road

Time

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