44 Iris Drive, Wasaga Beach

$1,100,000
44 Iris Drive

$1,100,000

New
27d
DetachedBungalow-Raised

44 Iris Drive, Wasaga Beach

Total Monthly Obligation $5,215

Beds
5
Baths
3
Park
4
Sqft
1500-2000
DOM
27d
Score
16
Yield
3.6%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-S13831518
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50 × 151.11 ft
Listed on site-Sep 26, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-0-5
Taxes-$4,833 (2025)
Parking-6 - Attached
Basement-Full, Separate Entrance, Walk-Up, Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER THE REAL ESTATE CENTRE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-tbd
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Welcome to this exceptional custom-built raised bungalow in the desirable west end of Wasaga Beach. Set in a quiet neighbourhood close to shopping, restaurants, and the new Costco and Superstore, this beautifully designed home offers refined main-floor living with exceptional lower-level versatility. The bright open-concept main floor features three bedrooms, soaring cathedral ceilings, hardwood floors, pot lights, and a custom vapor fireplace. The stylish kitchen offers quartz countertops, a movable island, pantry and walkout to a covered rear deck. The spacious primary suite includes a large ensuite and walk-in closet, with two additional bedrooms, a full bath, and main-floor laundry. The finished lower level expands the living space with two additional bedrooms, four-piece bath, 2nd laundry, full kitchen, electric fireplace, above-grade windows, and separate walk-up entrance-ideal for extended family or additional living arrangements. An attached double garage, covered front and rear porches, professionally landscaped grounds, this impressive property is a must see to take in all the fine details, like lighting in closets, dimmer-able pot lights in the lower level.

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

Closing Costs

Mortgage Amount
$880,000
Land Transfer Taxes$18,475
Legal Fees (Est.)
$
Total cash required for closing$239,975

Total Monthly Obligation

$5,215/mo
Mortgage $4,437
Monthly Loss $4,047
Principal$1,168
Interest$3,269
Property Tax$403
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.6%17
10-Year IRR
7.9%
Returns Index
9.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$39,600/yr
NOI
$26,307/yr
Net Cash Flow
-$2,245/mo
Cash Margin
-68.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.2/ 100

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

Comparables

Properties near 44 Iris Drive

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.