11401 Highway 12 is a 2-bedroom, 2-bathroom detached home in Severn, listed for $365,000. It has 700-1100 sq ft of living space.
1MOTIVATED SELLER -Welcome to country living on 1.3 acres!
2Conveniently located just minutes from Orillia and Coldwater, you'll enjoy easy access to shopping, dining, schools, parks, trails, Highway 12, and Mount St.
MOTIVATED SELLER -Welcome to country living on 1.3 acres! Ideally situated between Orillia and Coldwater, this 2-bedroom, 2-bath home presents an excellent opportunity for investors, contractors, handy buyers, or anyone looking to take on a renovation project. Priced to reflect the work required, this property offers incredible potential for those with the vision to transform it into something special.Filled with natural light, the front living room features beautiful hardwood floors that extend throughout much of the home, providing a solid foundation to build upon. Recent improvements include a new roof (2024), an upgraded propane fuel system replacing the previous oil tanks, and a brand-new hot water tank (2026), allowing you to focus your efforts on bringing the rest of the home back to life. The second bathroom is currently not operational and will require restoration.Outside, the 1.3-acre lot offers exceptional privacy with mature trees, a detached single-car garage, and endless possibilities for gardens, hobbies, or future improvements. Conveniently located just minutes from Orillia and Coldwater, you'll enjoy easy access to shopping, dining, schools, parks, trails, Highway 12, and Mount St. Louis Moonstone Ski Resort for year-round recreation.If you're searching for a turnkey home, this property may not be the right fit. However, if you're looking for a property with tremendous upside and aren't afraid to roll up your sleeves, this is a fantastic opportunity to build equity and create something truly your own.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $521 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 11401 Highway 12
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
1.306
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
11401 Highway 12 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,793
/mo
based on the purchase price of $365,000
$73,000 cash
$292,000 financed
$245,941 total interest
Principal54%$292,000
Interest46%$245,941
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Severn
Other 1–3 bed homes for sale in Severn around $365K.
Average days on market47Homes sold in about 47 days on average.
Sale-to-list ratio94.2%On average, homes sold below asking.
Active listings213Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 7 – Aug 5, 2026: prices up.
Based on 113 sales from Aug 5 – Nov 3, 2026 (64 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 11401 Highway 12
How much is 11401 Highway 12 listed for?
11401 Highway 12 is listed at $365,000 (MLS® S13562012). Summitly updates the price as soon as the MLS® record changes.
Is $365,000 a good price for 11401 Highway 12?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Severn. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 11401 Highway 12 changed?
Yes — it was first listed at $399,999 and is now $365,000, a drop of $34,999 (8.7%).
How many bedrooms and bathrooms does 11401 Highway 12 have?
11401 Highway 12 has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Severn.
How much would the monthly mortgage be on 11401 Highway 12?
About $1,793 a month — principal and interest on $365,000 with 20% down ($73,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 11401 Highway 12 compare with other homes in Severn?
Its asking price of $365,000 is about 49% below the median sold price in Severn over the last 90 days, $715,000, across 113 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 11401 Highway 12 been sold before?
Summitly has no earlier MLS® sale or lease of 11401 Highway 12 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 11401 Highway 12?
11401 Highway 12 is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 11401 Highway 12 been on the market?
112 days — 11401 Highway 12 was listed on July 14, 2026.
What is the price per square foot of 11401 Highway 12?
About $332 to $521 per square foot: the asking price of $365,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 11401 Highway 12 have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 11401 Highway 12 have a basement, and is it finished?
The listing describes the basement as: Unfinished.
