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24 Glenwood Drive

Wasaga Beach, Wasaga Beach

$559,000

Detached|Bungalow
2 | 1 | 6
About this home

Just steps from one of the most exciting transformations in Wasaga Beach! Beach Area 1 is undergoing a major multi-million-dollar redevelopment, including a premium hotel with upscale dining, spa, event facilities, and a vibrant Festival Square for year-round entertainment. A new mixed-use community with 150+ residential units and 30+ commercial spaces is also planned-making this location a prime opportunity for investors.This property's zoning is one of its greatest advantages: it allows short-term rentals, plus a wide variety of commercial uses-ideal for a charming bed & breakfast, artisan bakery, medical office, catering kitchen, hospitality venture, restaurant, or even building a second suite. The possibilities are truly endless in this rapidly developing pocket of Wasaga Beach.Inside, this cozy 2-bedroom, 1-bathroom bungalow is warm, inviting, and updated with brand-new flooring, a new toilet, and a smart thermostat. The open-concept living room flows into the bright eat-in kitchen, featuring modern cabinetry, generous storage, and convenient access to the laundry room and backyard.The bedrooms are comfortable and filled with natural light, with a well-designed family bathroom close by. Outside, the fully fenced yard features low-maintenance cobblestone surfacing-perfect for BBQs, campfires, or unwinding under the stars. A detached 23x19 shop with a man door adds incredible versatility for storage, hobbies, or a workshop.Don't miss this chance to own a flexible investment property in one of the most high-potential areas of Wasaga Beach-just a short walk to Beach 1 and the future waterfront redevelopment This property is video monitored.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$2,251
Lot Size50 ft x 94.55 ft
mls© NumberS13186032
Listed ByRE/MAX By The Bay Brokerage

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,861
Property tax
$188
Heat allowance
$150
Housing costs
$3,199 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $111,800
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,352 / mo
Cash down
$111,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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