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For saleMLS® S14101020

3872 Elva Lane, Severn, ON L0K 1E0

Rural Severn · L0K 1E0

$865,000

$1,236 / sq ft

2 weeks on market

Bedrooms
2
Bathrooms
1
Interior
700 sf
Parking
5
Lot
229 × 194.46 ft

What's special

  • 5 parking spaces
  • Fireplace
  • Water heater owned

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About this property

Spectacular Waterfront Property on Tea Lake - Privacy, Beautiful Views & Endless Possibilities! Welcome to your private waterfront retreat on beautiful Tea Lake in Severn Township! This charming 2-bedroom plus seasonal bedroom, 1-bath bungalow-style cottage offers an incredible opportunity to enjoy cottage living surrounded by nature. Boasting an impressive 238 feet of deep, clean waterfront, the 1+ acre property features a recently renovated steel-frame dock extending along the shoreline, perfect for swimming, boating, fishing, or simply relaxing while enjoying spectacular lake views. With Crown land bordering two sides, you'll enjoy exceptional privacy in a peaceful natural setting. Enjoy the existing cottage or explore the possibility of building your dream home on this spectacular property. Future development is subject to municipal and regulatory approvals. Although primarily seasonal, the heated waterline and cozy propane fireplace offer the opportunity to extend your enjoyment into the winter months. Imagine relaxing by the fire after a day of snowmobiling, with the snowmobile trail conveniently located at the rear of the property! Close to the famous Big Chute Marine Railway, this property is ideally situated for outdoor enthusiasts, offering excellent boating, fishing, snowmobiling, and exploring nearby waterways. Whether you're seeking a family cottage, a peaceful waterfront escape, or the perfect setting for your dream home, this Tea Lake gem offers an exceptional combination of privacy, natural beauty, and possibilities. Enjoy it today, dream about tomorrow!

Rooms

7 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
KitchenMain2.44 × 2.65 m8.0 × 8.7 ft—
Living RoomMain6.93 × 3.45 m22.7 × 11.3 ft—
BedroomMain2.34 × 2.34 m7.7 × 7.7 ft—
Bedroom 2Main3.15 × 2.34 m10.3 × 7.7 ft—
BathroomMain2.39 × 1.52 m7.8 × 5.0 ft4 Pc Bath
Dining RoomMain3.45 × 3.05 m11.3 × 10.0 ft—
SunroomMain3.45 × 1.93 m11.3 × 6.3 ft—

Features

  • Water Heater Owned

Property details

Property

Property type
detached
Bedrooms
2
Bathrooms
1
Interior size
700 sq ft
Lot size
229 × 194.46 ft
Zoning
SR3
Possession
Immediate

Interior

Heating
Baseboard · Electric
Fireplaces
1
Exposure
North

Exterior & services

Construction
Wood
Parking spaces
5
Water
Lake/River
Sewer
Septic

Costs

List price
$865,000
Property taxes
$4,390 / year (2026)
Price per sq ft
$1,236
Rental items
Propane Tank

Listing

MLS® number
S14101020
Status
For sale
Listed
October 21, 2026
Days on market
15
Last updated
October 21, 2026
Listing brokerage
Royal LePage In Touch 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.

How this price compares

This home is priced in line with comparable listings — about 32% of comparable detached listings in Rural Severn are asking less.

$588KMedian $1.05M$1.68M
This home
$1,236 / sq ft
Comparable median
$773 / sq ft

Based on 65 comparable active detached listings in Rural Severn. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.1% · minimum $61,500
$61,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,442.69
Property tax (est.)
$365.83
Estimated monthly
$4,809

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
$13,775
Total due on closing
$13,775

An estimate on the asking price of $865,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Royal LePage In Touch 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.

$865,000

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