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Wasaga Beach, Wasaga Beach
$550,000
Rare opportunity to acquire two fully severed lots with an existing dwelling in a prime Georgian Bay location, offered at land value. Situated on a quiet cul-de-sac just steps to the water, and under 10 minutes to Wasaga Beach Area 6, Casino, downtown Collingwood, and Blue Mountain only 20 minutes away. Existing dwelling is being sold as-is, where-is, with no representations or warranties. It has 4 bedrooms, 2 bathrooms, an attached 2-car garage, workshop, driveway parking for 4 vehicles, walk-out to backyard, wraparound porch, and upper-level balconies with views of Georgian Bay. Full municipal services available (water, sewer, hydro, natural gas). Up-to-date survey on file. Excellent potential for redevelopment, investment, or renovation. Ideal for builders, investors, or end users looking to create a custom property in a highly desirable four-season area.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,325 |
| Lot Size | 100 ft x 100 ft |
| mls© Number | S13637896 |
| Listed By | NORTH 2 SOUTH REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,815
- Property tax
- $277
- Heat allowance
- $150
- Housing costs
- $3,242 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$100,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $110,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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