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Lots & Land in Severn
About 1561 Lovering Line
SEVERN TOWNSHIP This property in The Heart of Severn Township ideal for Those Dreaming of Privacy, Space, and a Custom Home Build. Surrounded by Mature Trees and Nature, The Property Presents The Perfect Canvas for Your Country Retreat or Year-Round Residence. Located just Minutes from MacLean Lake Boat Launch, Outdoor Adventures are Always within Reach Boating, Fishing, and Snowmobiling/ATV Trails at your Doorstep. Enjoy The Tranquility of Rural Living while being only 15 minutes to Coldwater for All Your Essentials. High Speed Internet Starlink/Eastlink Hydro at the Road, Whether You Are Planning Your Dream Home, A Getaway, or an Investment, This Property Delivers on Location, Lifestyle, and Potential. The Buyer is Acquiring The Property for Development, and The Development Fees and Building Permit is Not Included in The Purchase Price, The Buyer is Responsible for All Fees Pertaining to Building.
Severn land priced at $199,000 — book a tour to see if it fits your search.
Inside 1561 Lovering Line
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
2.7
Listing & possession
Property class
Vacant Land
1561 Lovering Line Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S13576164$199,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1561 Lovering Line 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.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$978
/mo
based on the purchase price of $199,000
$39,800 cash
$159,200 financed
$134,088 total interest
Principal54%$159,200
Interest46%$134,088
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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Book a tour of 1561 Lovering Line with a licensed buyer's agent
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Zara · AI virtual agent
Ask about 1561 Lovering Line day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio94.1%On average, homes sold below asking.
Active listings215Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with May 12 – Aug 10, 2026: prices up.
Based on 111 sales from Aug 10 – Nov 8, 2026 (70 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1561 Lovering Line
How much is 1561 Lovering Line listed for?
1561 Lovering Line is listed at $199,000 (MLS® S13576164). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1561 Lovering Line changed?
No — 1561 Lovering Line is still listed at its original asking price of $199,000.
How many bedrooms and bathrooms does 1561 Lovering Line have?
The listing for 1561 Lovering Line doesn't publish its bedroom and bathroom count. It is a lot in Severn.
How much would the monthly mortgage be on 1561 Lovering Line?
About $978 a month — principal and interest on $199,000 with 20% down ($39,800), 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 1561 Lovering Line compare with other homes in Severn?
Its asking price of $199,000 is about 72% below the median sold price in Severn over the last 90 days, $713,000, 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 1561 Lovering Line been sold before?
Summitly has no earlier MLS® sale or lease of 1561 Lovering Line on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1561 Lovering Line?
1561 Lovering Line is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1561 Lovering Line been on the market?
114 days — 1561 Lovering Line was listed on July 17, 2026.
What is the lot size of 1561 Lovering Line?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 1561 Lovering Line?
About $1,715 in Ontario land transfer tax at the asking price of $199,000. 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 1561 Lovering Line 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 1561 Lovering Line?
The listing for 1561 Lovering Line doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Severn.