2956 Lakeside Drive, Severn

$714,900
2956 Lakeside Drive

$714,900

New
15d
Detached2-Storey

2956 Lakeside Drive, Severn

Total Monthly Obligation $3,489

HausQ Valuation Report
Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
15d
Score
17
Yield
3.7%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
10.0%
Property Type-Detached
MLS® Number-S13874996
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50.25 × 150 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,768 (2025)
Parking-3 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-Royal LePage Quest
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible with quick closing available
Neighbourhood-West Shore
Title-Residential Freehold

No agent assigned

Bright, open and filled with natural light, this Cumberland Beach home makes an impression the moment you step inside. Built in 2009, the impressive main living area features a soaring vaulted ceiling and dramatic floor-to-ceiling windows that give the home a distinctive look and feel. The open-concept layout brings together the spacious kitchen, dining and living areas, with a large center island providing plenty of room for everyday meals and entertaining. Hardwood flooring and a natural gas fireplace add warmth to the living room, while convenient main floor laundry adds to the home's practical layout. Outside, the 50' x 150' lot provides plenty of space to enjoy, while water access to Lake Couchiching is just a short distance away. Add in quick Highway 11 access and a great location just north of Orillia, and this is a home that combines space, natural light and convenience in the popular Cumberland Beach community.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$571,920
Land Transfer Taxes$10,773
Legal Fees (Est.)
$
Total cash required for closing$155,253

Total Monthly Obligation

$3,489/mo
Mortgage $2,884
Monthly Loss $2,731
Principal$759
Interest$2,125
Property Tax$231
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.9%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 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
$26,256/yr
NOI
$16,362/yr
Net Cash Flow
-$1,520/mo
Cash Margin
-69.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
22.7/ 100

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

Comparables

Properties near 2956 Lakeside Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.