The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Buy this unit & save over $40,000 over the course of the land lease by assuming the existing lease (set to expire in March 2046 - roughly 19.5 years) & pay $649.20/month land lease fee vs. $825/month for a brand-new (21 or 30-year) lease. Retirement living at its best. Rest & relax in comfort in one of Wasaga's premier adult land lease communities. This 2-bed/2-bath, one-floor true bungalow (no stairs anywhere, even at the front door) offers a beautiful open-concept floor plan & is very bright given that it is an end unit, semi-detached home. You'll love the custom kitchen with crown valance/moulding, ceramic backsplash, under-cabinet lighting, 4 stainless steel appliances & a large centre island (with extra pot drawers) providing for extra countertop work area and/or breakfast bar. Vaulted ceilings (with pot lights) adorn the open dining & living areas, & garden doors open to a massive 29' long composite deck. Notable features include a large laundry/mud/hobby room with inside entrance to the garage, extensive use of crown moulding throughout most rooms, large primary bedroom with a walk-in closet & 3-piece ensuite (with walk-in shower). Exterior features include a covered front patio that is close enough to the Community Pond to hear the fountain/water feature; a double-wide paved drive (with parking for 2 cars) and beautiful landscaping (complete with a privacy berm in the rear yard). At over 24' long, the attached garage is large enough to park your car inside AND still have room for other "garage essentials." This very private, peaceful & tranquil neighbourhood is part of the Park Place Community comprised of over 115 acres of forest & fields, water & wilderness in Wasaga Beach. Numerous amenities include a 12,000 sq. ft. recreation complex with an indoor saltwater pool, sauna, gym, billiards & game rooms, dart boards, shuffleboard, horseshoe pits, bocce ball courts, a woodworking shop & more. Monthly Landlease fee ($649.20) + Property Taxes ($204.99) = $846.19
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,756/mo
Mortgage (principal + interest)$1,756
Minimum $23,475 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$93,900
Ontario land transfer taxProvincial brackets, no first-time refund$5,865
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$102,565
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Wasaga Beach has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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