288 RIVER Road E, Wasaga Beach

$864,900
288 RIVER Road E

$864,900

New
24d
DetachedBungalow

288 RIVER Road E, Wasaga Beach

Total Monthly Obligation $4,259

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
24d
Score
16
Yield
3.7%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-S13841888
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-38.77 × 447.61 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,738 (2025)
Parking-5 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 B.J. ROTH REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Other
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-immed
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

Riverfront Living with Spectacular Georgian Bay & Blue Mountain Views! Set on over 400 feet of waterfront frontage along the Nottawasaga River, this exceptional property offers direct boating access to Georgian Bay. Enjoy more than 1,000 sq. ft. of patio space overlooking the water-perfect for entertaining or relaxing while taking in the breathtaking scenery. Inside, you'll find over 2,500 sq. ft. of thoughtfully designed living space that seamlessly blends modern comfort with rustic charm. The impressive living room features a soaring cathedral ceiling and striking rustic feature wall, while the dining room is designed for memorable gatherings with its epoxy floors, and linear fireplace finished in authentic reclaimed brick. The fully renovated eat-in kitchen offers panoramic bay views. At the end of the day, escape to the luxurious primary suite, complete with a spa-inspired ensuite where you can relax in the soaker tub, dim the lights, and unwind. Ideally located within walking distance to the Main End, SmartCentres, and the marina, this one-of-a-kind waterfront property offers the perfect balance of recreation, luxury, and convenience.

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

Closing Costs

Mortgage Amount
$691,920
Land Transfer Taxes$13,773
Legal Fees (Est.)
$
Total cash required for closing$188,253

Total Monthly Obligation

$4,259/mo
Mortgage $3,489
Monthly Loss $3,341
Principal$918
Interest$2,571
Property Tax$395
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.5/ 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
$31,584/yr
NOI
$19,188/yr
Net Cash Flow
-$1,890/mo
Cash Margin
-71.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.4/ 100

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

Comparables

Properties near 288 RIVER Road E

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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Data last updated within the past 24 hours.