61 Pennsylvania Avenue, Wasaga Beach

$439,000
61 Pennsylvania Avenue

$439,000

New
25d
DetachedBungalow

61 Pennsylvania Avenue, Wasaga Beach

Total Monthly Obligation $2,292

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
25d
Score
25
Yield
6.2%
Cash on Cash
3.1%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Detached
MLS® Number-S13833962
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$1,753.68 (2025)
Parking-2 - None
Basement-Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-Community, Indoor
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Discover the thoughtfully updated two-bedroom bungalow in the sought-after 55+ Park Place community in the heart of Wasaga Beach 2) Enjoy the light-filled, spacious design with expansive windows and warm hardwood and cork flooring creating an airy feel, complemented by a generous primary suite with an ensuite, a welcoming guest bedroom, and convenient main level laundry 3) Recent upgrades include stainless-steel appliances, quartz countertops, fresh paint, updated bathroom vanities, and new light fixtures 4) Outside, you'll find a generous lot with parking for two, a new deck, a private backyard, and a cozy firepit, perfect for relaxing in the sun or a night under the stars 5) Indulge in the resort-style amenities with access to a gym, an indoor pool, a library, and community events, just minutes from Georgian Bay sunsets. 1,251 above grade sq.ft.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$351,200
Land Transfer Taxes$5,255
Legal Fees (Est.)
$
Total cash required for closing$94,555

Total Monthly Obligation

$2,292/mo
Mortgage $1,771
Monthly Loss $1,826
Principal$466
Interest$1,305
Property Tax$146
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.3%3
5-Year IRR
13.0%58
10-Year IRR
13.0%
Returns Index
30.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,084/yr
NOI
$18,122/yr
Net Cash Flow
-$261/mo
Cash Margin
-11.5%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
35.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 61 Pennsylvania Avenue

Time

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