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Listed 1 month ago

256 Old Mosley Street

Wasaga Beach, Wasaga Beach

$1,274,000

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

DESIGNER-FURNISHED, FULLY RENOVATED & JUST A 2-MINUTE WALK TO THE BEACH. This exceptional Wasaga Beach home offers approx. 3,800 sq. ft. of beautifully finished living space, six bedrooms, three bathrooms, a legal one-bedroom apartment and an included furniture package valued at over $50,000 - making it truly turn-key from day one. The bright main residence features a brand-new custom kitchen with stainless steel appliances, open-concept living and dining, primary bedroom with walk-in closet, two additional main-floor bedrooms and a spa-inspired 5-piece bath. The finished lower level adds two bedrooms, a spacious rec room, hardwood flooring and fireplace. A private entrance leads to the legal one-bedroom apartment, complete with its own new kitchen and 3-piece bath - ideal for extended family or generating separate rental income. With potential rents of approx. $3,800/month for the main residence and $2,000/month for the apartment, the property offers approx. $5,800/month in combined rental income and the potential to be cash-flow positive. Outside, enjoy a private fenced backyard with hot tub, fire pit, hot-and-cold outdoor shower and wrap-around deck, plus an epoxy-finished double garage and private driveway. Minutes to the Nottawasaga River, golf and Blue Mountain. Beautifully renovated, fully furnished and income-ready - move in, enjoy immediately or capitalize on the property's strong rental potential. Also available for lease. Main residence and legal one-bedroom apartment may be leased separately.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$7,449
Lot Size77.17 ft x 110 ft
mls© NumberS13801730
Listed ByEXP 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%
$6,521
Property tax
$621
Heat allowance
$150
Housing costs
$7,292 / mo

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

Down payment20% · $254,800
25-yr amortization

Income needed

$224,000

gross annual household income

Payment at 4%
$5,361 / mo
Cash down
$254,800

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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