298 Ramblewood Drive, Wasaga Beach

$925,000
298 Ramblewood Drive

$925,000

New
15d
DetachedBungalow-Raised

298 Ramblewood Drive, Wasaga Beach

Total Monthly Obligation $4,533

Beds
3
Baths
3
Park
3
Sqft
2000-2500
DOM
15d
Score
23
Yield
6.0%
Cash on Cash
2.4%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-S13877502
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-60 × 143 ft
Listed on site-Oct 8, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-0-5
Taxes-$5,118 (2025)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Locations North
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wasaga Beach
Title-Residential Freehold

No agent assigned

OVER 2,000 SQ FT BUNGALOW ON A 60 FT LOT WITH A 3-CAR GARAGE -HARD TO FIND! This spacious Wasaga Beach home offers true one-level living with 10 ft ceilings, new light fixtures and pot lights, and large windows bringing in plenty of natural light. The open-concept kitchen features a large island and overlooks the family room, where the fireplace creates a beautiful focal point. The layout includes 3 generous bedrooms, multiple bathrooms and a private office/den. Main-floor laundry offers convenient inside entry directly from the garage.Outside, enjoy a great backyard along with amazing parking for family and guests. The location is another huge bonus, with pickleball courts, basketball courts and a playground nearby. Walk to the elementary school, shopping, doctors, Starbucks and the beach, with plenty of walking trails close by to get outside and enjoy everything Wasaga Beach has to offer.

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

Closing Costs

Mortgage Amount
$740,000
Land Transfer Taxes$14,975
Legal Fees (Est.)
$
Total cash required for closing$201,475

Total Monthly Obligation

$4,533/mo
Mortgage $3,731
Monthly Loss $3,551
Principal$982
Interest$2,749
Property Tax$427
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.8%63
10-Year IRR
13.6%
Returns Index
33.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$55,404/yr
NOI
$40,246/yr
Net Cash Flow
-$377/mo
Cash Margin
-8.2%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
23.6/ 100

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

Comparables

Properties near 298 Ramblewood Drive

Time

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