1287 Madison Street, Severn, ON L3V 0V1
Rural Severn · L3V 0V1
$299,000
$199 / sq ft2 months on market
- Total area
- 1,500 sf
- Lot
- 1537.71 × 2226.44 ft
What's special
- Public garage
- Yes
About this property
The very popular Captain's Grill Diner of Severn is a classic and long standing restaurant in a truly unique location just off Highway 11 at the gateway to Muskoka, just north of Orillia.Well known by cottagers, skiers, locals, transient workers, and travellers heading north and south. This 1,500 Sq Ft restaurant is licensed for 28 inside plus 12 on the screened-in patio,with parking for 23 and very little nearby competition. Full commercial kitchen with a 8-ft commercial hood and a proven operation boasting great income and impressive margins. Incredibly low rent of only $857 Gross Rent including TMI with 3 + 5 + 5 years remaining. A rare opportunity to take over an established restaurant with extremely low overhead in a strategic Highway 400 location. Please do not go direct or speak to staff or ownership.
Property details
Property
- Property type
- business
- Interior size
- 1,500 sq ft
- Lot size
- 1537.71 × 2226.44 ft
- Zoning
- Business Commercial
- Possession
- TBD
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Public
- Sewer
- Sanitary+Storm
Costs
- List price
- $299,000
- Price per sq ft
- $199
Listing
- MLS® number
- S13697332
- Status
- For sale
- Listed
- August 20, 2026
- Days on market
- 76
- Last updated
- August 20, 2026
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
Mortgage estimate
- Principal & interest
- $1,570.56
- Estimated monthly
- $1,571
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $2,960
- Total due on closing
- $2,960
An estimate on the asking price of $299,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
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