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Listed 7 days ago

34 Glenwood Drive

Wasaga Beach, Wasaga Beach

$634,900

Detached|Bungalow
3 | 2 | 8
About this home

Steps to Beach Area 1. Short-Term Rental Zoning. Fully Furnished. Opportunities like this don't come around often. A fully renovated, fully furnished bungalow steps from Wasaga's Beach Area 1, with short-term rental zoning that lets the property pay for a significant portion of itself while you're not using it. Enjoy it as your cottage getaway, rent it when you're away, and let the income work for you. This is the rare find where lifestyle and smart investing go hand in hand.And it works for every chapter of life. First-time buyers get a fully updated, move-in ready home in a prime beach community without starting from scratch. Retirees get the perfect one-level layout with no stairs, heated floors, main-floor laundry, and a low-maintenance lifestyle steps from the water. Completely turn-key down to the pots, pans, dishes, decor, and cruiser bikes. Bring your luggage, nothing else.Taken back to the studs and fully rebuilt with all new plumbing, electrical, spray foam insulation, Lennox furnace, A/C, and an owned tankless hot water heater. Inside you'll find 3 bedrooms, 2 bathrooms, vaulted shiplap ceilings, a cozy gas fireplace, pot lights throughout, and a bright white kitchen with granite countertops. The primary bedroom features a queen bed with 12 built-in storage drawers and a custom walk-in closet. Heated floors in both bathrooms and the walk-in closet. Main-floor laundry throughout for true one-level living.Outside, the property is tucked behind mature hedges with gated driveway access, a fully fenced yard, outdoor shower, patio for BBQs, fire pit, attached carport, shed, and a one-car garage with an over-sized door previously serviced with water and heat.Walk to the beach in minutes. Walk to shops and restaurants. New arena and library just 5 minutes away. Own the cottage life. Let it pay its own way. Retire in the perfect ranch bungalow. Perfect first-time home.

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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
Size1100-1500 sq. ft.
Property Tax$2,589
Lot Size72.5 ft x 75 ft
mls© NumberS13723610
Listed ByRoyal LePage Locations North

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%
$3,250
Property tax
$216
Heat allowance
$150
Housing costs
$3,615 / mo

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

Down payment20% · $126,980
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,672 / mo
Cash down
$126,980

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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