47 River Road, 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 $1,699,999 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 0 Bathrooms
- Premium 158.71 x 160.45 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Discover this recently renovated motel property located in the heart of Wasaga Beach, steps from the world's largest freshwater beach. Featuring 13 rental units-9 in the motel building and 4 standalone cottages-this property offers an exceptional opportunity for steady income or future redevelopment. The site is ideal for investors looking to capitalize on Wasaga Beach's year-round tourism appeal, further amplified by the new nearby casino. With the adjacent lot also on the market, combining both properties opens the door to a larger development vision in this high-demand area. Don't miss this rare chance to own a commercial property in one of Ontario's top vacation destinations.
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Property Summary
This investment located at 47 River Road, Wasaga Beach is currently for sale and has been available on SousaSells for 72 days. This property is listed at $1,699,999 with an estimated mortgage of $5,659* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 47 River Road, Wasaga Beach is in the Wasaga Beach neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 River Road E, Wasaga Beach, ON L9Z 2L1
Based on 0 recent similar sales in the pocket.
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 $1,699,999 in Wasaga Beach, the legal minimum down payment is $340,000 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 $30,475 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 $30,475.
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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.