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Price Change$859,900

5 Canoe Road Road

Wasaga Beach, Wasaga Beach

$842,000

Detached|Bungalow
2 | 3 | 4
About this home

Welcome to Bluewater on the Bay-an established, highly sought-after community offering a lifestyle centered around comfort, connection, and year-round recreation near Georgian Bay.This beautifully maintained, carpet-free bungalow is designed for easy living, featuring a bright open-concept main floor with hardwood flooring, pot lights throughout, and a warm gas fireplace that anchors the main living space. The layout flows seamlessly to a composite deck through a walkout, creating an ideal indoor-outdoor setup for entertaining or relaxing. With a desirable northeast-facing orientation, the home enjoys consistent natural light throughout the day, while the absence of direct rear neighbours provides a rare sense of privacy. The main floor primary suite offers a private ensuite, supporting convenient one-level living for downsizers or those looking to simplify without sacrificing comfort or space. The fully finished lower level extends the home's functionality with a second fireplace, additional bedroom, dedicated office space, large utility room, and generous dry storage area-perfect for guests, hobbies, or extended family stays. Set within a welcoming, adult-friendly enclave known for its clubhouse, walking trails, and community atmosphere, this location offers quick access to Georgian Bay beaches, golf courses, ski hills, and a wide range of four-season activities. A well-balanced opportunity for buyers seeking low-maintenance living, practical space, and a strong sense of community-without compromise. POTL fee: $327 includes lawn maintenance, snow removal, and club amenities, gym, party room.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,310
Lot Size50 ft x 106.92 ft
mls© NumberS13516120
Listed ByEXIT REALTY APEX

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%
$4,310
Property tax
$359
Heat allowance
$150
Housing costs
$4,819 / mo

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

Down payment20% · $168,400
25-yr amortization

Income needed

$148,000

gross annual household income

Payment at 4%
$3,543 / mo
Cash down
$168,400

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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