20 61st Street S, Wasaga Beach

$419,000
20 61st Street S

$419,000

New
21d
DetachedBungalow

20 61st Street S, Wasaga Beach

Total Monthly Obligation $2,234

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
21d
Score
25
Yield
6.3%
Cash on Cash
3.1%
Cap Rate
5.3%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Detached
MLS® Number-S13854238
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 132.5 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,030.44 (2026)
Parking-5 - Detached
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

BUY THE OPPORTUNITY, CREATE THE DREAM: 3-BEDROOM BUNGALOW WITH A DETACHED GARAGE & BEACH ACCESS WITHIN WALKING DISTANCE! Your beach bag will get far more use than your car keys here, with the golden shores of Wasaga Beach just a short stroll away for sunset walks and sandy afternoons. Set on a deep 50 x 132 ft lot in a mature neighbourhood, the property offers a spacious front deck, generous backyard, detached 2-car garage, and driveway parking for three, with room for paddleboards, bikes, and all the gear that comes with life near the water. The open-concept layout gives you an easy starting point to make the home your own, whether that means updating the kitchen, choosing lighter coastal finishes, or reworking the living space to suit the way you want to live. Three bedrooms add useful versatility, with two generously sized rooms featuring closets and a third that could become a home office, bunk room, or guest space for friends dropping in for a weekend by the beach. You can change finishes and make the layout your own, but you cannot recreate a location like this. Beyond the shoreline, Wasaga Beach keeps life interesting all year with trails for hiking and cycling, winter recreation, community amenities, local shops, and easy access to everyday essentials. It is a natural fit for a first-time buyer, downsizer, or anyone looking for their own beach getaway near Georgian Bay. Buy the opportunity, bring your vision, and create a Wasaga Beach home that feels completely personal.

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

Closing Costs

Mortgage Amount
$335,200
Land Transfer Taxes$4,855
Legal Fees (Est.)
$
Total cash required for closing$90,155

Total Monthly Obligation

$2,234/mo
Mortgage $1,690
Monthly Loss $1,790
Principal$445
Interest$1,245
Property Tax$169
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.5%3
5-Year IRR
12.9%57
10-Year IRR
12.9%
Returns Index
29.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$26,316/yr
NOI
$17,154/yr
Net Cash Flow
-$261/mo
Cash Margin
-11.9%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo73
Risk Index
36.1/ 100

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

Comparables

Properties near 20 61st Street S

Time

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