Severn, ON · · MLS® S14119692Updated
$1Est. $0/mo mortgage
12040 On-12 Hwy is a land in Severn, listed for $1.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Rare investment opportunity - approximately 27 acres near coldwater! Strategically located along Highway 12 with excellent exposure to Highway 400 and close proximity to a major highway interchange. Just minutes from Coldwater and near established commercial and recreational destinations, this property offers outstanding visibility and convenient regional connectivity.This substantial landholding in a desirable location presents exciting possibilities for investors seeking long-term value and future potential.Currently zoned Rural (RU). Buyers and their representatives to verify permitted uses, access requirements and any required approvals with the appropriate authorities.
Severn land priced at $1 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Severn market reportSold prices are shown free to signed-in members, as board rules require.
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4390 Marr Lane
Land
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3330 Quetton Street
Land
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2450 AMIGO Drive
2 bd · 1 ba · Land
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2026 Uhthoff Line
Land
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3040 Grass Lake Line
Land
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Lot 2 Delta Road
Land
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home12040 On-12 Highway 0 bd · 0 ba | $1asking | — | — | — |
| 4390 Marr Lane 0 bd · 0 ba | ||||
| 3330 Quetton Street 0 bd · 0 ba | ||||
| 2450 AMIGO Drive 2 bd · 1 ba | ||||
| 2026 Uhthoff Line 0 bd · 0 ba | ||||
| 3040 Grass Lake Line 0 bd · 0 ba | ||||
| Lot 2 Delta Road 0 bd · 0 ba · 700 sqft |
0 bd · 0 ba
0 bd · 0 ba
2 bd · 1 ba
0 bd · 0 ba
0 bd · 0 ba
0 bd · 0 ba · 700 sqft
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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.
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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Listing brokerage: REMAX YOUR COMMUNITY REALTY, BrokerageMLS® S14119692 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Homes for sale in Severn
Every active Severn MLS® listing, updated all day.
Based on 112 sales from Jul 29 – Oct 27, 2026 (63 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
12040 On-12 Hwy is listed at $1 (MLS® S14119692). Summitly updates the price as soon as the MLS® record changes.
No — 12040 On-12 Hwy is still listed at its original asking price of $1.
The listing for 12040 On-12 Hwy doesn't publish its bedroom and bathroom count. It is a lot in Severn.
About $0 a month — principal and interest on $1 with 20% down ($0), 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.
Its asking price of $1 is about 100% below the median sold price in Severn over the last 90 days, $737,500, across 112 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.
Summitly has no earlier MLS® sale or lease of 12040 On-12 Hwy on record from the last two years. Older records aren't shown under TRREB rules.
12040 On-12 Hwy is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
12040 On-12 Hwy was listed today (October 27, 2026).
The lot measures 1586.00 × 771.72 Feet (37.495000000000005 acres), as published in the listing.
About $0 in Ontario land transfer tax at the asking price of $1. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 12040 On-12 Hwy doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Severn.
