$1,499,000
For sale: Other

An Exceptional Waterfront Investment Awaits At The Iconic Riverhouse Restaurant In Severn Falls. Perfectly Situated On The Banks Of The Trent-Severn Waterway, This High-Visibility Property Benefits From Constant Year-Round Traffic And Seamless Boat Access. The Building Has Been Extensively Enhanced With Recent High-Value Upgrades, Including Two New Front Windows, A New Geothermal Water Furnace, New UV Water Filtration, A New Freezer Compressor, And New Ice Machine. These Add To Previous Major Investments Including A Waterloo Biofilter Septic, Newer Roof, Expansive Waterfront Patio, And A Full-Building Backup Generator. This Turn-Key Package Offers A Fully-Equipped Professional Kitchen, Bar, And Dining Area Designed For Peak Efficiency. With Flexible Zoning Supporting Restaurant, Retail, Or Tourism Development, The Property Features On-Site Living Quarters For An Ideal Live/Work Balance. Located 20 Minutes From Highway 400, This Is A Prime Destination For Boaters, Snowmobilers, And Tourists. Includes Property, Business, Equipment, And Chattels. A Rare Chance To Own A Thriving Waterfront Landmark With Diverse Revenue Potential.
Sold data
Homes in Severn (Coldwater) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 61, across 77 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $724,900.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 77 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale

$1,600,000
Other793 VINDIN STREET, Midland, Midland

$1,300,000
Other59 MAIN STREET, Penetanguishene, Penetanguishene

$1,399,000
Other1010 BALA FALLS ROAD, Wood (Muskoka Lakes), Muskoka Lakes)

$1,399,900
Other49 MARY STREET, City Centre, Barrie

$1,300,000
Other149 - 151 MILL STREET, Creemore, Clearview

$1,188,000
Other3300 COOPERS FALLS ROAD, Rural Severn, Severn

$1,679,900
Other124 ANNE STREET S, 400 North, Barrie

$1,399,000
Other3232 SIMCOE ROAD, Brechin, Ramara