Muskoka Lakes, ON · · MLS® X13811196Updated
$729,000Est. $3,581/mo mortgage
5 Severn River 406 is a 3-bedroom, 1-bathroom detached home in Muskoka Lakes, listed for $729,000. It has 700-1100 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
**Water Access Only** Escape to your own private retreat in Severn Falls. This turn-key 3-bedroom, 1-bathroom cottage is set on nearly 5 acres of peaceful wilderness, offering the perfect blend of relaxation, recreation, and privacy.Enjoy true water access living with over 300 feet of shoreline and your own private dock, ideal for boating, swimming, and soaking up long summer days. Located just minutes from the town dock, you'll have convenient access to local restaurants, groceries, and ice cream without the long boat ride.Surrounded by nature, the property features nearby trails to explore, a firepit for evenings under the stars, and an expansive front deck that's perfect for unwinding or entertaining.Previously operated as a desirable short-term rental, this property offers excellent income potential for those looking to generate revenue when not in personal use.Whether you're searching for a family getaway, a peaceful escape, or an investment opportunity, this cottage delivers. Possible Vendor Take Back
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $1,041 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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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
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Muskoka Lakes market reportSold prices are shown free to signed-in members, as board rules require.
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12 Ferndale Road
4 bd · 2 ba · Detached
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1246 Dudley Road
3 bd · 3 ba · Detached
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1018 Clearwater Shores Boulevard
3 bd · 2 ba · Detached
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1181 Walkers Point Road
4 bd · 1 ba · Detached
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7826 Lake Joseph Road
2 bd · 1 ba · Detached
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1040 River Street
3 bd · 1 ba · Detached
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 home5 Severn River 406 N/a 3 bd · 1 ba · 700 sqft | $729,000asking | $1,041 | — | — |
| 12 Ferndale Road 4 bd · 2 ba · 1,100 sqft | ||||
| 1246 Dudley Road 3 bd · 3 ba · 1,500 sqft | ||||
| 1018 Clearwater Shores Boulevard 3 bd · 2 ba · 2,000 sqft | ||||
| 1181 Walkers Point Road 4 bd · 1 ba · 700 sqft | ||||
| 7826 Lake Joseph Road 2 bd · 1 ba · 700 sqft | ||||
| 1040 River Street 3 bd · 1 ba · 1,100 sqft |
4 bd · 2 ba · 1,100 sqft
3 bd · 3 ba · 1,500 sqft
3 bd · 2 ba · 2,000 sqft
4 bd · 1 ba · 700 sqft
2 bd · 1 ba · 700 sqft
3 bd · 1 ba · 1,100 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: Revel Realty Inc, BrokerageMLS® X13811196 · 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.
Other 3–5 bed homes for sale in Muskoka Lakes around $729K.
Homes for sale in Muskoka Lakes
Every active Muskoka Lakes MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 124 sales from Aug 13 – Nov 11, 2026 (81 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
5 Severn River 406 is listed at $729,000 (MLS® X13811196). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Muskoka Lakes. 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
No — 5 Severn River 406 is still listed at its original asking price of $729,000.
5 Severn River 406 has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Muskoka Lakes.
About $3,581 a month — principal and interest on $729,000 with 20% down ($145,800), 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.
Its asking price of $729,000 is about 32% below the median sold price in Muskoka Lakes over the last 90 days, $1,075,000, across 124 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 5 Severn River 406 on record from the last two years. Older records aren't shown under TRREB rules.
5 Severn River 406 is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
51 days — 5 Severn River 406 was listed on September 21, 2026.
About $663 to $1,041 per square foot: the asking price of $729,000 over the 700–1,100 sq ft the listing gives as its size range.
The listing describes the basement as: Unfinished.
The lot is 3.495 acres, as published in the listing.
