128 Melrose Avenue, Wasaga Beach

$1,200,000
128 Melrose Avenue

$1,200,000

New
28d
Detached2-Storey

128 Melrose Avenue, Wasaga Beach

Total Monthly Obligation $5,777

Beds
4
Baths
3
Park
4
Sqft
2500-3000
DOM
28d
Score
15
Yield
2.9%
Cash on Cash
-11.3%
Cap Rate
2.2%
5Y IRR
6.7%
10Y IRR
7.7%
Property Type-Detached
MLS® Number-S13829450
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-50 × 150 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,740.77 (2025)
Parking-6 - Attached
Basement-Development Potential, Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-FAIR AGENT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Other
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Forget standard builder-grade finishes. This exceptional 2,830 sq. ft. custom-built home stands out with elevated design, quality craftsmanship and thoughtful upgrades throughout. At the heart of the home, the custom gourmet kitchen features high-end appliances, sleek stone countertops and an open-concept layout that flows effortlessly into the dining and living areas. The beautifully appointed electric fireplace is framed by dramatic 5-foot windows, filling the space with natural light, while engineered hardwood flooring and custom lighting continue throughout the main and upper levels. Step outside to a massive custom deck designed for summer entertaining, along with a detached backyard in-law suite currently under construction, offering added flexibility for extended family or guests. Landscape under construction. The attached garage is EV-ready with a built-in charger, and the partially finished basement is already framed and insulated, providing an excellent head start for a future media room, gym, bedrooms or additional living space. All this just minutes from Wasaga Beach, skiing, golf, schools, parks, casinos and year-round recreation. Video walk through available upon request.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,777/mo
Mortgage $4,840
Monthly Loss $4,503
Principal$1,274
Interest$3,567
Property Tax$562
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.6%0
5-Year IRR
4.1%9
10-Year IRR
6.1%
Returns Index
5.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$35,100/yr
NOI
$20,349/yr
Net Cash Flow
-$3,145/mo
Cash Margin
-107.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.6/ 100

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

Comparables

Properties near 128 Melrose Avenue

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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