40 Mulligan Lane 205, Wasaga Beach

$418,500
40 Mulligan Lane 205

$418,500

New
30d
Condo ApartmentApartment

40 Mulligan Lane 205, Wasaga Beach

Total Monthly Obligation $2,690

Beds
2
Baths
2
Park
2
Sqft
900-999
DOM
30d
Score
81
Yield
15.4%
Cash on Cash
36.7%
Cap Rate
12.5%
5Y IRR
46.4%
10Y IRR
42.5%
Property Type-Condo Apartment
MLS® Number-S13818230
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,268.06 (2026)
Maintenance-$612.75/mo
Locker-None
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Locations North
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Vinyl Siding
Possession-Flexible
Neighbourhood-Wasaga Beach
Title-Residential Condo & Other

No agent assigned

Welcome to your serene retreat just off the Marlwood Golf Course in beautiful Wasaga Beach. This spacious 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and nature ideal for those seeking a peaceful lifestyle with easy access to Georgian Bay and the areas best amenities. Step inside to find open-concept main-floor living designed for both relaxation and entertaining. The bright living and dining area flows seamlessly into a well-appointed kitchen, creating a warm and inviting atmosphere. Enjoy your morning coffee or unwind in the evening on your private balcony, overlooking a tranquil backdrop of mature trees and walking trails. Recent updates include newly installed carpet throughout, with hard flooring remaining underneath should you prefer an alternate finish. The spacious primary suite features a private 4-piece ensuite, while the second bedroom and full bath provide plenty of room for guests or a home office. This quiet, well-maintained community is surrounded by walking trails and natural beauty, offering a lifestyle that feels miles away from the hustle yet you're less than a 10-minute drive to the sandy shores of Wasaga Beach and moments from Georgian Bay and Marl Lake. Additional Whether you're looking for a full-time residence, a weekend getaway, or a low-maintenance investment, this condo checks all the boxes for a relaxed, active lifestyle in one of Ontario's most scenic four-season destinations.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$334,800
Land Transfer Taxes$4,845
Legal Fees (Est.)
$
Total cash required for closing$90,045

Total Monthly Obligation

$2,690/mo
Mortgage $1,688
Monthly Loss $2,246
Principal$444
Interest$1,244
Property Tax$189
Condo Fees$613
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
11.0%92
Cash-on-Cash
28.5%99
5-Year IRR
39.8%100
10-Year IRR
36.6%
Returns Index
98.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
81/ 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
$64,344/yr
NOI
$45,889/yr
Net Cash Flow
$2,136/mo
Cash Margin
39.8%99
Cash Flow Index
99.3/ 100
Risk Profile
Weight: 20%
DSCR
2.2798
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
58.0/ 100

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

Comparables

Properties near 40 Mulligan Lane 205

Time

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