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3938 Wood Avenue, Severn, ON L3V 0Y9

2+1 beds · 3 baths · 1 kitchen · 5+2 rooms · 4 parking spaces · 1100-1500 sq ft · Detached
$899,999
Property tax
$3,942 / year

Move-in-ready home in a private waterfront community with deeded access to Lake Couchiching. This former builder's model home is an all-brick and stone residence with many upgrades. The open-concept main floor features hardwood flooring, pot lights, upgraded trim and doors, and a kitchen with granite countertops, stainless steel appliances, a breakfast bar, and a pantry. The kitchen opens to the dining area with a walkout and a great room with a gas fireplace. The primary bedroom includes a walk-in closet and ensuite with a double vanity and walk-in shower. A second bedroom and three-piece bathroom with a glass shower complete the main floor. The bright lower level offers a large recreation room with a gas fireplace, third bedroom, four-piece bathroom, and space for additional bedrooms or living areas. Outside, the property features an attached two-car garage, covered entrance, and a private, fully fenced and hedged backyard with a deck, gazebo, hot tub, garden shed, and room for a future pool. Updated furnace in 2026. The property includes deeded access to Lake Couchiching and a 1/26 ownership interest in a private waterfront park with water access, a dock, picnic tables, and a fire pit. Enjoy swimming, boating, and waterfront access without waterfront taxes. There's a small parkette located behind the home, as well as a large municipal park on Menoke Beach Rd with playground and soccer fields. Conveniently located close to highway 11 and just minutes to Orillia.

MLS number
S13758358
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
L3V 0Y9
Photos
50
Laundry
Not in the unit
4days · 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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 Severn — 335 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$676k$790k$904k20252026this home’s asking price
$800klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
93%97%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d19d39d20252026
21dlatest 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 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 745 people.

$103,000Median household income
93.2%Own their home
91.5%Detached houses
50.8Median age
13.5%Born outside Canada
10.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431228 — the few blocks around this address, home to 745 people. It describes the area, not this property.

745Population
47.6Average age
2.5Household size
$109,000Average household income
$103,000Median household income
93%Own their home
7%Rent
0%Condominiums
14%Born outside Canada
11%University degree
$785,000Average home value
9%Low income
86%Not in the labour force
19%Never married
$20,000 to $24,9992%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9992%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9992%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over34%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over9%

Percentages are of the 440 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.

$180,000 · minimum here is $65,000
$3,985.00per month
Borrowed before insurance$719,999
Total borrowed$719,999
Interest over 25 years at 4.5%$475,501

If you rented it out

-$4,313.50per month out of pocket
Rent$0.00
Everything it costs to hold$4,313.50
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 RE/MAX RIGHT MOVE. Listing data provided by the Toronto Regional Real Estate Board.