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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Severn
About 1287 Madison Street
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.
Severn business priced at $299,000 — book a tour to see if it fits your search.
Inside 1287 Madison St
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
1287 Madison St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S13697332$299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1287 Madison St Compares to the Severn Market
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.
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.
Keep looking near 1287 Madison St
Homes for sale in Severn
Every active Severn MLS® listing, updated all day.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio93.5%On average, homes sold below asking.
Active listings232Homes for sale here right now.
Median vs prior 90 days+1.4%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 111 sales from Jul 23 – Oct 21, 2026 (63 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1287 Madison St
How much is 1287 Madison St listed for?
1287 Madison St is listed at $299,000 (MLS® S13697332). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1287 Madison St changed?
No — 1287 Madison St is still listed at its original asking price of $299,000.
How many bedrooms and bathrooms does 1287 Madison St have?
The listing for 1287 Madison St doesn't publish its bedroom and bathroom count. It is a commercial property in Severn.
How does 1287 Madison St compare with other homes in Severn?
Its asking price of $299,000 is about 59% below the median sold price in Severn over the last 90 days, $735,000, across 111 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 1287 Madison St been sold before?
Summitly has no earlier MLS® sale or lease of 1287 Madison St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1287 Madison St?
1287 Madison St is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1287 Madison St been on the market?
62 days — 1287 Madison St was listed on August 20, 2026.
What is the land transfer tax on 1287 Madison St?
About $2,960 in Ontario land transfer tax at the asking price of $299,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1287 Madison St or make an offer?
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.
What is the property tax for 1287 Madison St?
The listing for 1287 Madison St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Severn.
When was 1287 Madison St built?
The listing for 1287 Madison St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
