13 Carruthers Street N, Wasaga Beach

$275,000
13 Carruthers Street N

$275,000

Price Change
18d
DetachedBungalow

13 Carruthers Street N, Wasaga Beach

Total Monthly Obligation $1,484

Beds
3
Baths
1
Park
3
Sqft
1100-1500
DOM
18d
Score
75
Yield
10.3%
Cash on Cash
22.7%
Cap Rate
9.5%
5Y IRR
34.3%
10Y IRR
30.9%
Property Type-Detached
MLS® Number-S13861578
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-60 × 110 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Parking-3 - Attached
Basement-None, Crawl Space
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Priced well below market value... the Sellers want it sold. And you get FREE GOLF!!! Now that I have your attention, let me tell you that ownership in this community comes with access to an array of premium amenities including the 9 hole golf course, outdoor heated pool, community center with billiard table, shuffleboard, darts, library, kitchen and patio areas. Retire in Style! CHARMING 3-BEDROOM BUNGALOW IN 55+ COMMUNITY. This is a rare opportunity to purchase a THREE bedroom home in Hometown, a Parkbridge Residential Retirement Community. Welcome to easy, low-maintenance living in this well maintained detached bungalow. Situated on an oversized lot, this property features, a convenient carport and shed, walkout to a large private patio, and lovely gardens. The home has a bright sunroom with 2 walkouts, newer furnace and central air, fresh paint throughout, and is move in ready. Located in one of Parkbridge's premier communities. Where Land Lease Ownership is the perfect hybrid solution to affordable home ownership - giving you the benefit of home ownership (to continue to build equity) combined with the worry-free landlord managed community. Paying land rent is similar to paying condo fees. However, in a condominium, you own a share in the common elements - roads, pool, golf course, community center - and you are responsible for the costs of such. In a leased land community, many of those "big ticket" responsibilities are managed by Parkbridge. Leased land fees to the new owner of $750 rent, $36.69 site tax & $76.04 home tax for a total monthly fee of $862.73. This home is ready for you to move in and enjoy a retirement lifestyle filled with comfort, convenience, and community.

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

Closing Costs

Mortgage Amount
$220,000
Land Transfer Taxes$2,600
Legal Fees (Est.)
$
Total cash required for closing$59,100

Total Monthly Obligation

$1,484/mo
Mortgage $1,109
Monthly Loss $1,192
Principal$292
Interest$817
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
7.7%70
Cash-on-Cash
13.1%69
5-Year IRR
26.5%99
10-Year IRR
24.3%
Returns Index
80.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
75/ 100
Good•Buy

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,404/yr
NOI
$21,064/yr
Net Cash Flow
$646/mo
Cash Margin
27.3%92
Cash Flow Index
92.1/ 100
Risk Profile
Weight: 20%
DSCR
1.5879
LTV Ratio
80.0%18
Vacancy Buffer
6.2 mo93
Risk Index
63.5/ 100

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

Comparables

Properties near 13 Carruthers Street N

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.