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Listed 2 months ago

60 53rd Street S

Wasaga Beach, Wasaga Beach

$700,000

Detached|Bungalow-Raised
6 | 3 | 8
About this home

TWO SEMI-DETACHED HOMES BEING SOLD TOGETHER, offering endless possibilities for multi-generational living, investment, or owner occupancy. Incredible opportunity! Live in one home and use the second as an in-law suite, or explore the potential for an income-producing property with an accessory apartment (subject to municipal approvals).Situated on a generous 105' x 142' lot, shingled with Corning fibreglass shingles, each home has separate water, sewer, gas, and hydro meters, offering potential for future severance (buyer to complete their own due diligence). Both homes feature a gas fireplace, one home is heated by a gas furnace, and each has a deck off the kitchen overlooking its own fully fenced backyard. An ideal property for extended families, investors, or buyers seeking flexibility and future potential.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$3,621
Lot Size105 ft x 142 ft
mls© NumberS13546092
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%
$3,583
Property tax
$302
Heat allowance
$150
Housing costs
$4,035 / mo

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

Down payment20% · $140,000
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

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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