$2,499,000
For sale: Detached

Commanding one of the finest lots on Lake Couchiching, this exceptional waterfront estate is positioned at the end of a quiet dead-end street, offering a rare opportunity to own and improve an irreplaceable piece of shoreline. Boasting 100 feet of sandy-bottom waterfront and eastern exposure, you'll enjoy breathtaking sunrises from the expansive new composite deck. This house is large enough for a multi-family Home or Cottage, offering approximately 4,040 sq. ft. above grade plus an additional 1,800 sq. ft. of finished lower-level living space; it's designed to maximize both space and scenery. The main level features a formal living room, an elegant dining room, a spacious eat-in kitchen with a pantry, and a grand great room, all of which capture stunning waterfront vistas. A private office, main-floor laundry, a powder room, and a walkout to an oversized 50.7' x 20.7' garage complete this level. Upstairs, you'll find four generously sized bedrooms, including two lakefront suites with private en-suites. The primary bedroom also features a walk-in closet and spectacular water views, while an additional full bathroom serves the remaining bedrooms. The refreshed lower level offers new flooring throughout. It includes a den, a full bathroom, a recreation room, a games room, a family room, and a walk-up, creating excellent potential for entertaining or extended-family accommodations. Recent updates include a brand-new metal roof (2025), an updated retaining wall, basement waterproofing, and additional features include forced-air gas heat, central air conditioning, whole-home generator, 400-amp service, drilled well, waterproofed foundation, positive drainage, central vacuum, intercom system, air exchanger, and in-ground sprinkler system. A truly remarkable waterfront offering where privacy and location combine to create a legacy property awaiting its next proud owner to renovate. **Some photos are Virtually Staged and remodeled to show potential**
Sold data
Homes in Rural Severn took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 43, across 40 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.
The median sale price was $779,450.
Homes sold for about 4.2% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 40 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

$2,490,000
Detached465 MOONEY CRESCENT, Orillia, Orillia

$2,385,000
Detached57 ALPINE DRIVE, Rural Oro-Medonte, Oro-Medonte

$2,850,000
Detached183 LAKESHORE ROAD W, Rural Oro-Medonte, Oro-Medonte

$2,499,900
Detached125 CRAIGMORE CRESCENT, Blue Mountains, Blue Mountains

$2,480,000
Detached245 PINE HILL ROAD, Rural Bradford West Gwillimbury, Bradford West Gwillimbury

$2,688,000
Detached8 SHANGRI-LA LANE, Keswick South, Georgina

$2,349,990
Detached46 MARNI LANE, Phelpston, Springwater

$1,950,000
Detached68 ALANA DRIVE, Centre Vespra, Springwater