40 51ST Street N, Wasaga Beach

$899,000
40 51ST Street N

$899,000

New
30d
DetachedBungalow

40 51ST Street N, Wasaga Beach

Total Monthly Obligation $4,451

Beds
3
Baths
2
Park
6
Sqft
1500-2000
DOM
30d
Score
68
Yield
9.2%
Cash on Cash
16.7%
Cap Rate
8.2%
5Y IRR
29.2%
10Y IRR
26.3%
Property Type-Detached
MLS® Number-S13818078
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-134 × 113 ft
Listed on site-Sep 23, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$5,396 (2026)
Parking-8 - Attached
Basement-Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-Royal LePage Signature Realty
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-West
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Escape to the beach and embrace four-season living in this charming home, tucked beneath mature trees on a private lot just a 3-minute walk from Beach 6 in Wasaga Beach. Offering nearly 1,600 sq. ft. of comfortable living space, this inviting home is equally suited as a weekend cottage getaway or a year-round residence. Inside, cathedral pine ceilings and a wood-burning fireplace create the warm, relaxed atmosphere of a classic cottage retreat. Hardwood flooring flows throughout the main living areas, while the kitchen features granite countertops, built-in appliances and ceramic flooring. Brand-new sliding doors frame beautiful views of the surrounding trees and open to an expansive deck, extending the living space outdoors for summer dinners, morning coffee and evenings surrounded by nature. Backing onto forest, the property enjoys a peaceful, private setting with a wonderful sense of calm. An attached double garage with interior access provides plenty of space for vehicles and all the recreational gear that comes with the Wasaga Beach lifestyle-bikes, paddle boards, beach equipment and more. Surrounded by nature yet just steps from the sand and shores of Georgian Bay, this is an inviting four-season escape where beach days, cozy fires and outdoor living can all be part of everyday life.

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

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,451/mo
Mortgage $3,626
Monthly Loss $3,497
Principal$954
Interest$2,672
Property Tax$450
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
7.2%65
Cash-on-Cash
11.0%56
5-Year IRR
24.6%98
10-Year IRR
22.6%
Returns Index
74.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
68/ 100
Fair•Hold / Negotiate

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$82,896/yr
NOI
$64,710/yr
Net Cash Flow
$1,766/mo
Cash Margin
25.6%89
Cash Flow Index
89.2/ 100
Risk Profile
Weight: 20%
DSCR
1.4972
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
40.9/ 100

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

Comparables

Properties near 40 51ST 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.