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Listed 17 days ago

48 Madawaska Trail

Wasaga Beach, Wasaga Beach

$395,900

Detached|Bungalow
2 | 1 | 2
About this home

Resort living at fraction of the cost! This land lease home is the perfect option for 4-season living without the high purchase price. We're located in the most desirable part of the extended seasonal area of the Wasaga CountryLife resort, which means the owner is required to be away for a minimum of 30 days, which can be accumulated throughout the calendar year. This two bedroom, one washroom chalet style home features an open concept living, dining and kitchen area with cathedral ceilings and a large front porch. The kitchen includes a gas stove, built-in microwave and dishwasher as well as a fridge and reverse osmosis water system, and the gas fireplace in living room makes the space feel cozy and warm. With a washing machine and dryer in the hall between the bedrooms and washroom, you have everything on one floor and no stairs! The home is built on a full block crawlspace, where the furnace and hot water tank as well as lots of storage is located, making the 700 sf of the main floor fully available. The back of the home has an expansive sunroom, with rebuilt and insulated exterior walls, new windows (2023) and window treatments. Add insulation to the floor and ceiling and you've got the perfect 4-season sunroom. On the outside of the home, the large driveway has easy parking for two cars, a wide front deck and wonderful landscaping around the sides, plus a shed for storage. One of our favourite parts of the home is the large back deck with railings, facing onto the man-made Lake Nipissing. The spacious backyard has a fire pit for relaxing evenings and the SW exposure means you're in for some fantastic sunsets! In addition to everything this home has to offer, you have access to all of the amenities in the resort, including tennis courts, indoor and outdoor pools and much more. If you love the beach, then you'll really love that it is only a short walk away, as are local shops and services. If you're ready for a new home in Wasaga Beach, come check us out!

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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
Size700-1100 sq. ft.
Property Tax$1,775
Lot Size0 ft x 0 ft
mls© NumberS13689238
Listed ByKELLER WILLIAMS ADVANTAGE REALTY

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%
$2,026
Property tax
$148
Heat allowance
$150
Housing costs
$2,324 / mo

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

Down payment20% · $79,180
25-yr amortization

Income needed

$72,000

gross annual household income

Payment at 4%
$1,666 / mo
Cash down
$79,180

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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