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New6 days ago

125 River Road E

Wasaga Beach, Wasaga Beach

$409,000

Detached|Log
2 | 1 | 5
About this home

A RARE PIECE OF WASAGA BEACH HISTORY STRAIGHT OUT OF A STORYBOOK! Step back in time and discover this enchanting 4-season log cottage, a nostalgic reminder of the charming summer retreats that once dotted Wasaga Beach. Bursting with character and old-world charm, this delightful 2-bedroom, 1-bathroom cottage captures the simplicity and magic of traditional cottage living. With its rustic log construction, cozy woodstove and whimsical appearance, this truly unique property is a rare little treasure! Nestled on a generous 57' x 156' lot, this year-round retreat is set well back from the road and features a spacious front yard, large deck, natural gas heating and detached single-car garage. LOCATION, LOCATION, LOCATION! Situated across from the picturesque Nottawasaga River and within walking distance of the sandy shores of Beach Area 1, enjoy spectacular sunsets, restaurants, shops and seasonal attractions just minutes from your doorstep. EXCITING CHANGES ARE COMING TO BEACH AREA 1! With significant beachfront revitalization underway and plans for a Marriott hotel, restaurants, shops and enhanced public spaces, Wasaga Beach is entering an exciting new chapter. Enjoy the nostalgic charm of old Wasaga Beach while benefiting from the community's evolving waterfront destination. Whether you're searching for a cozy year-round residence, a charming weekend getaway or a unique property with possibilities for the future, 125 River Road East is a rare little treasure with a whole lot of personality! A wonderful opportunity to own a storybook cottage in a location where the past and future of Wasaga Beach come together.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleLog
Approx. Age100+
Size< 700 sq. ft.
Property Tax$2,618
Lot Size57.3 ft x 156.22 ft
mls© NumberS14113026
Listed ByChestnut Park Real Estate

Listing History

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  • 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%
$2,093
Property tax
$218
Heat allowance
$150
Housing costs
$2,462 / mo

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

Down payment20% · $81,800
25-yr amortization

Income needed

$76,000

gross annual household income

Payment at 4%
$1,721 / mo
Cash down
$81,800

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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