$648,000
Est. payment $2,869/moCalculate yours
Lot 1 Torpitt Road, Severn, ON P0E 1N0
Rural Severn, Severn, ON P0E 1N0
Listing courtesy of RE/MAX HALLMARK CHAY REALTY MLS® S13467234
About this home
Save 27% on your property taxes! This level building lot on Sparrow Lake is just one and a half hours north of Toronto. Sparrow Lake is literally the gateway to Muskoka. However, this property is located in the Township of Severn, and that means your property taxes will be much lower than they are right across the lake in the Town of Gravenhurst. But that is far from the only reason to love this waterfront lot. Sparrow Lake is part of the Trent Severn waterway, a 386 kilometer route of canals, rivers, locks and lakes that connect Lake Ontario to Lake Huron via Georgian Bay This lot measures 2.8 acres, with approximately 258 feet of frontage on Sparrow Lake. This is a great opportunity to create a family retreat of unmatched privacy and beauty, close to marinas, resorts and dining, it is hidden gem at the gateway to Muskoka and the Great Lakes. A wonderful family retreat and a boater’s paradise.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 258 x 424 Feet
Financial
- Property Taxes
- $1,800 (2026)
Location
- Neighbourhood
- Rural Severn
- Cross Street
- HWY 11 & S. Sparrow Lake Rd
- Direction Faces
- East
Listing
- MLS® Number
- S13467234
- Days on Market
- 123
- Listed On
- 2026-06-17
- Possession
- Immediate
- Listed By
- RE/MAX HALLMARK CHAY REALTY
Features
- Included
- None
- Excluded
- None
Mortgage calculator
Estimated mortgage payment
$2,869 per month
- Principal and interest
- $2,869
- Property tax
- $150
- Condo fees
- $0
- Estimated monthly cost
- $3,019
Your mortgage
- Mortgage amount
- $518,400
- Mortgage insurance
- Not needed
- Interest over 25 years
- $342,361
Cash to close
- Down payment
- $129,600
- Land transfer tax
- $9,435
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $139,035
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.