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3258 Loon Lane, Severn, ON L0K 1S0

3 beds · 1 bath · 1 kitchen · 6 rooms · 7 parking spaces · 700-1100 sq ft · Detached
$899,900
Property tax
$3,970 / year

Welcome to 3258 Loon Lane on Gloucester Pool-your ultimate summer escape, ready for unforgettable weekends on the water. This charming 3-season cottage offers 3 bedrooms, a 3-piece bathroom, & a bright open-concept kitchen, living, & dining area anchored by a cozy woodstove. Step outside to a spacious waterfront deck-perfect for entertaining, outdoor dining, or simply soaking in the views. Designed for hosting, the property also features a bunkie for overflow guests & an oversized single-car garage for all your toys. With a durable metal roof (2022), drilled well, septic system, & 105 feet of shoreline on a generous 0.48-acre lot, everything is set for easy cottage living. Gloucester Pool is a full-service lake with gas access & multiple restaurants, set along the Trent-Severn Waterway. From here, you're just one lock away from Georgian Bay & moments from the iconic Big Chute Marine Railway. Whether your days are filled with fishing at sunrise, wakeboarding & tubing in the afternoon, or winding down with a glass of wine as the sun sets over the water, this property delivers the full cottage lifestyle ready to enjoy this summer! Located only 1.5 hours from the GTA.

MLS number
S13029828
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0K 1S0
Photos
28
Laundry
Not in the unit
144days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Rural Severn — 148 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$574k$801k$1.03M20252026this home’s asking price
$803klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
90%95%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d21d42d20252026
25dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in rural severn. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,155 people.

$92,000Median household income
94.3%Own their home
98.1%Detached houses
59.2Median age
11.9%Born outside Canada
24.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440275 — the few blocks around this address, home to 1,155 people. It describes the area, not this property.

1,155Population
53.4Average age
2.1Household size
$147,000Average household income
$92,000Median household income
94%Own their home
6%Rent
3%Condominiums
12%Born outside Canada
25%University degree
$988,000Average home value
11%Low income
100%Not in the labour force
18%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over30%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9998%
$200,000 and over10%

Percentages are of the 790 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$179,980 · minimum here is $64,990
$3,984.56per month
Borrowed before insurance$719,920
Total borrowed$719,920
Interest over 25 years at 4.5%$475,449

If you rented it out

-$4,315.40per month out of pocket
Rent$0.00
Everything it costs to hold$4,315.40
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty. Listing data provided by the Toronto Regional Real Estate Board.