12 51st Street S, Wasaga Beach

$755,000
12 51st Street S

$755,000

New
18d
DetachedBungalow-Raised

12 51st Street S, Wasaga Beach

Total Monthly Obligation $3,801

Beds
3
Baths
2
Park
6
Sqft
1500-2000
DOM
18d
Score
18
Yield
4.5%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-S13863040
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 142 ft
Listed on site-Oct 5, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-6-15
Taxes-$4,562 (2026)
Parking-8 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX By The Bay Brokerage
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Welcome to this custom-built raised bungalow nestled in a prime location close to Collingwood, Blue Mountain, and the world's longest freshwater beach. This stunning property boasts 3 bedrooms, 2 bathrooms, and an attached double car garage, including one 25-foot indoor space perfect for storing a trailer or boat. The 15-foot ceilings in the garage offer the possibility of adding a lift, ideal for the car enthusiasts among us. Built in 2015 on a full-sized lot (50 x 142 feet), this home features a spacious 1550 square feet of main floor living space, with an open concept design, gleaming hardwood floors, main floor primary bedroom with soaker tub, marble tiled shower and walk out to the covered back deck. There are 2 additional bedrooms, a 4-pc bath, custom kitchen, and inside entry to the garage. Additional features like the cold cellar, and a covered front porch for enjoying the outdoors, add to the uniqueness of the design. The one-story layout offers convenience and easy access throughout the home. With its proximity to shopping, restaurants, and the outdoor recreational activities this area is famous for, this property is the perfect blend of comfort, style, and functionality. Don't miss out on this rare opportunity to own a piece of paradise in a sought-after location.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$604,000
Land Transfer Taxes$11,575
Legal Fees (Est.)
$
Total cash required for closing$164,075

Total Monthly Obligation

$3,801/mo
Mortgage $3,045
Monthly Loss $2,999
Principal$801
Interest$2,244
Property Tax$380
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.3%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,044/yr
NOI
$21,578/yr
Net Cash Flow
-$1,247/mo
Cash Margin
-44.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.9/ 100

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

Comparables

Properties near 12 51st Street S

Time

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