146 45th Street, Wasaga Beach, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Wasaga Beach. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,450,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 10 Bathrooms
- Premium 200 x 310 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
ATTENTION DEVELOPERS & INVESTORS!! This prime location presents and excellent opportunity for those with a solid vision of what the future has in store for Wasaga Beach, one of Ontario's fastest growing communities. This 1- 2/3 acre property is located on the north west corner of Mosley St and 45th St. N. one of the busiest intersections in town with over 300 ft. fronting on Mosley St. The other 3 corners of the intersection are commercially developed and have anchor tenants such as LCBO, SHOPPERS DRUG MART, TIM HORTONS, ESSO, REAL CANADIAN SUPERSTORE, CANADIAN TIRE, RE/MAX. STARBUCKS and HOME HARDWARE. The current population of 25,000 is predicted to increase to 50,000 over the next 25 years. This location is closest commercial hub to several active new home construction sites which are a short drive away. Current zoning offers several options, 4 to 5 story's offering commercial retail and professional office space or residential units. The existing business The Beacon Restaurant and Bar is a landmark of the community and has been operated by the same family for 75 years. The business is LCBO licenced for 190 inside and 48 on the patio. In addition to the restaurant bar income, 2 commercial and 6 residential rents generate additional income. Financials are available for Buyers considering operating the existing business. The owner will consider a development joint venture with a creditworthy applicant(s).
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 146 45th Street N, Wasaga Beach, ON L9Z 1Z2
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Wasaga Beach, ON
For a property listed at $4,450,000 in Wasaga Beach, the legal minimum down payment is $890,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $97,725 for this transaction. As this listing is in Wasaga Beach (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $97,725.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.