Discover this fully renovated 3-season waterfront cottage, offering a large lot, beautiful water views, and ample parking. Enjoy boating and swimming from your private dock in the summer, or take advantage of snowmobile trails right at your doorstep in the winter-then relax by the cozy wood (pellet) stove . Located on the historic Trent Severn Waterway, you can cruise to Lake Simcoe, Georgian Bay, Lake Huron to the west, and Peterborough to Lake Ontario to the east. The cottage features a bright, updated interior with a walkout to a spacious deck overlooking the water, plus a large primary bedroom with ensuite. Close to Casino Rama, Orillia, and Graven Hurst, this retreat blends relaxation with convenience. Land Lease Fee/Taxes: $971 per month (Parks Canada).
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $536 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 4294 Canal Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
8 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
4294 Canal Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S13658286$375,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 4294 Canal Rd Compares to the Severn Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,842
/mo
based on the purchase price of $375,000
$75,000 cash
$300,000 financed
$252,679 total interest
Principal54%$300,000
Interest46%$252,679
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
Own a home on Canal Road? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 4294 Canal Rd with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 4294 Canal Rd day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
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.
Similar homes for sale nearby in Severn
Other 2–3 bed homes for sale in Severn around $375K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio94.1%On average, homes sold below asking.
Active listings243Homes for sale here right now.
Median vs prior 90 days−0.8%Compared with Apr 17 – Jul 16, 2026: prices down.
Based on 106 sales from Jul 16 – Oct 14, 2026 (65 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 4294 Canal Rd
How much is 4294 Canal Rd listed for?
4294 Canal Rd is listed at $375,000 (MLS® S13658286). Summitly updates the price as soon as the MLS® record changes.
Is $375,000 a good price for 4294 Canal Rd?
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 4294 Canal Rd changed?
No — 4294 Canal Rd is still listed at its original asking price of $375,000.
How many bedrooms and bathrooms does 4294 Canal Rd have?
4294 Canal Rd has 3 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 4294 Canal Rd?
About $1,842 a month — principal and interest on $375,000 with 20% down ($75,000), 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 4294 Canal Rd compare with other homes in Severn?
Its asking price of $375,000 is about 48% below the median sold price in Severn over the last 90 days, $719,400, across 106 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 4294 Canal Rd been sold before?
Summitly has no earlier MLS® sale or lease of 4294 Canal Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 4294 Canal Rd?
4294 Canal Rd is in Severn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 4294 Canal Rd been on the market?
68 days — 4294 Canal Rd was listed on August 7, 2026.
What is the price per square foot of 4294 Canal Rd?
About $341 to $536 per square foot: the asking price of $375,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 4294 Canal Rd have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 4294 Canal Rd have a basement, and is it finished?
