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Price Change$949,900

32 1st Lane

Wasaga Beach, Wasaga Beach

$849,900

Detached|Bungalow-Raised
4 | 4 | 6
About this home

Enjoy life close to the beach in this spacious home in one of Wasaga Beach's most desirable locations. Large windows fill the home with natural light creating a warm and inviting atmosphere. Airy and open, this 6 bedroom home has 4 fully renovated bathrooms, 2 cozy fireplaces; 1 gas and 1 wood burning , plus a double attached garage. Just a short walk to the sandy shores of Wasaga Beach, it is nestled between the family friendly park area 4 and the town's only dog beach in Park Area 3. This sturdy brick home is currently subdivided into 2 units each with its own separate entrance, open concept kitchen, dining and living areas and direct access to the backyard. Located on a quiet cul-de-sac while still close to shopping, restaurants, schools and everyday amenities, it offers a great opportunity for rental income or for comfortable vacation accommodation for family and friends.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$5,914
Lot Size50.55 ft x 125 ft
mls© NumberS13657638
Listed ByRE/MAX By The Bay Brokerage

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%
$4,350
Property tax
$493
Heat allowance
$150
Housing costs
$4,993 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $169,980
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$169,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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