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Listed 16 days ago

280 OXBOW PARK Drive

Wasaga Beach, Wasaga Beach

$1,150,000

Detached|2-Storey
3 | 3 | 11
About this home

Riverfront + Pool + Separate Income Cottage- Looking for a property that has it all? Set on a 60' x 438' riverfront lot, this property offers boating access to Georgian Bay, a 20' x 40' inground pool by the river, a separate 2-bedroom cottage, multiple garage spaces and a 3-bedroom, 3-bathroom main home. The main house has rustic wood beams, wide plank rustic flooring and a wood-burning fireplace in the open concept living room. Large windows overlook the property, and patio doors walk out to a large deck overlooking the river and yard. The oversized primary bedroom has its own ensuite and views of the backyard.The lower level has 9' ceilings, a large rec room, laundry and room to add another bedroom, along with a walkout directly to the patio, pool and backyard. The inground pool is fully fenced and has a new liner, heater and pump. Having a pool this close to the river, with boating access to Georgian Bay from your own property, is a setup that would be very difficult to recreate today.Inside entry to a garage built under part of the main house, with a new garage door opening to the backyard and is heated. It provides great storage for water toys, other outdoor gear, and also houses the home's mechanicals/ workshop. This is a great bonus space with potential to be converted into additional living space, man cave, indoor/outdoor cabana or entertaining area off the pool.A second detached garage is located closer to the road, giving you even more storage and parking.Another major feature is the separate 2-bedroom, 1-bathroom cottage. It has its own private space on the property, is separately metered and is currently rented for $1,600 per month. Perfect for additional income or use for parents, extended family, guests or as an in-law setup. The main house has several major exterior updates, including new windows, siding, soffit, fascia and eaves. All structures on the property have new roofs. Natural cobblestone paved driveway is a great upgrade.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,344
Lot Size60.09 ft x 438.28 ft
mls© NumberS13858786
Listed ByRoyal LePage Locations North

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%
$5,886
Property tax
$445
Heat allowance
$150
Housing costs
$6,482 / mo

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

Down payment20% · $230,000
25-yr amortization

Income needed

$199,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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