What an amazing Location! This property boasts a Fantastic 10.5 acres at the corner of Highway 11 and Penley Road in Orillia. Also a second entrance that backs onto Division Road. Detached House, 3 Beds, 1 Bath. Brand new roof (Dec. 2025). New Water Filtration System (April 2026), Septic Tank recently cleaned (March 2026). Perfect for Live-in or rent-out. Currently tenanted (month to month), willing to stay or you can have vacant possession. Excellent trails, snowmobiles, ATV etc. Plenty of room to play and enjoy. Build/Development potential. Close to all amenities.
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $635 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1662 Penley Rd
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
1662 Penley Rd 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 →
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
$3,433
/mo
based on the purchase price of $698,818
$139,764 cash
$559,054 financed
$470,870 total interest
Principal54%$559,054
Interest46%$470,870
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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Similar homes for sale nearby in Severn
Other 2–4 bed homes for sale in Severn around $699K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio94.1%On average, homes sold below asking.
Active listings214Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with May 12 – Aug 10, 2026: prices up.
Based on 112 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 1662 Penley Rd
How much is 1662 Penley Rd listed for?
1662 Penley Rd is listed at $698,818 (MLS® S13566394). Summitly updates the price as soon as the MLS® record changes.
Is $698,818 a good price for 1662 Penley Rd?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above 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 1662 Penley Rd changed?
Yes — it was first listed at $748,818 and is now $698,818, a drop of $50,000 (6.7%).
How many bedrooms and bathrooms does 1662 Penley Rd have?
1662 Penley Rd has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Severn.
How much would the monthly mortgage be on 1662 Penley Rd?
About $3,433 a month — principal and interest on $698,818 with 20% down ($139,764), 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 1662 Penley Rd compare with other homes in Severn?
Its asking price of $698,818 is about the same as the median sold price in Severn over the last 90 days, $712,750, 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.
Has 1662 Penley Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1662 Penley Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1662 Penley Rd?
1662 Penley Rd is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1662 Penley Rd been on the market?
116 days — 1662 Penley Rd was listed on July 15, 2026.
What is the price per square foot of 1662 Penley Rd?
About $466 to $635 per square foot: the asking price of $698,818 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1662 Penley Rd have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
Does 1662 Penley Rd have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
