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Listed 2 months ago

16 CARIBBEAN Drive

Wasaga Beach, Wasaga Beach

$1,149,000

Detached|Bungalow-Raised
3 | 3 | 6
About this home

This unique property offers the best of both worlds-like having two exceptional homes in one. 2,793 Total Finished Square Feet with each level thoughtfully designed to provide flexibility for today's lifestyle. Newly built with a professionally finished 1,262 Sq Ft. lower-level suite, it's ideal for multi-generational living or a smart investment property. Step inside to discover energy-efficient features and a well-designed layout that ensures year-round comfort. The main level is warm and inviting, featuring an open-concept design with rustic beam accents, soaring cathedral ceilings, and panoramic windows. The living room is anchored by a cozy fireplace that adds ambiance and serves as an independent heat source. The custom kitchen is a standout, complete with an eat-up island, quartz countertops and backsplash, accent lighting, and stainless steel appliances. The spacious primary bedroom includes a modern ensuite and walk-in closet, while two additional bedrooms and a stylish 4-piece bath are finished in neutral tones. The lower level, with a separate entrance and it's own laundry facilities, features a bright, self-contained suite with in-floor heating throughout. It offers an open-concept kitchen, living, and dining area, three well-sized bedrooms, a 4-piece bath, and ample storage-finished to the same high standard as the main level. Enjoy outdoor living on the deck with a gas BBQ hookup, perfect for entertaining. The garage is pre-wired for an EV charger, adding future-ready convenience.Located in a quiet, mature neighbourhood, this home is close to the elementary school and near the beach-without the busy tourist traffic. Offering versatility, privacy, and access to local amenities, this property blends comfort, practicality, and lifestyle in one impressive package.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow-Raised
Approx. Age0-5
Size1500-2000 sq. ft.
Property Tax$4,620
Lot Size49.94 ft x 150.05 ft
mls© NumberS13527922
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%
$5,881
Property tax
$385
Heat allowance
$150
Housing costs
$6,416 / mo

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

Down payment20% · $229,800
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,835 / mo
Cash down
$229,800

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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