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Listed 1 month ago

278 Coastline Drive

Wasaga Beach, Wasaga Beach

$949,000

Detached|Bungalow
3 | 1 | 6
About this home

Steps from the sandy shoreline of Georgian Bay, this turnkey 3-bedroom, 1-bath seasonal cottage is set in the quieter, family-friendly Allenwood Beach area of New Wasaga Beach. Tucked well back on an exceptionally deep 56' x 276' lot surrounded by mature trees, the property offers privacy, space and easy access to the water. Inside, the bright open-concept living and dining area features vaulted ceilings, a wood-burning fireplace and large front windows that bring in natural light and views toward the beach. Enjoy days on the sand, evening walks along the shoreline and spectacular sunsets in a peaceful setting away from the busier tourist areas. The substantial lot also offers long-term potential for those considering a future custom home. Municipal water and sewer service the property. Natural gas is available at John Street (connection required; Enbridge to quote), and a metal storage shed with laundry hookup adds convenience for seasonal living. Just minutes from Stonebridge Town Centre, Main Street and Beach 1, with shopping, dining and everyday amenities close by, plus easy access to Collingwood and Blue Mountain. Wasaga Beach continues to see significant investment and revitalization, including the evolving Beach Area 1 redevelopment and plans for an approximately 160-room premium Marriott-branded hotel. Enjoy the cottage today while considering the possibilities this well-positioned property may offer for the future.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,940
Lot Size56 ft x 276.4 ft
mls© NumberS13750600
Listed ByRE/MAX By The Bay Brokerage

Listing History

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  • 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%
$4,857
Property tax
$412
Heat allowance
$150
Housing costs
$5,419 / mo

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

Down payment20% · $189,800
25-yr amortization

Income needed

$167,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

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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