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54 New York Avenue, Wasaga Beach, ON L9Z 3A8

2 beds · 2 baths · 1 kitchen · 6 rooms · 3 parking spaces · 1100-1500 sq ft · Laundry on the main level level · Semi-Detached
$469,500

Buy this unit & save over $40,000 over the course of the land lease by assuming the existing lease (set to expire in March 2046 - roughly 19.5 years) & pay $649.20/month land lease fee vs. $825/month for a brand-new (21 or 30-year) lease. Retirement living at its best. Rest & relax in comfort in one of Wasaga's premier adult land lease communities. This 2-bed/2-bath, one-floor true bungalow (no stairs anywhere, even at the front door) offers a beautiful open-concept floor plan & is very bright given that it is an end unit, semi-detached home. You'll love the custom kitchen with crown valance/moulding, ceramic backsplash, under-cabinet lighting, 4 stainless steel appliances & a large centre island (with extra pot drawers) providing for extra countertop work area and/or breakfast bar. Vaulted ceilings (with pot lights) adorn the open dining & living areas, & garden doors open to a massive 29' long composite deck. Notable features include a large laundry/mud/hobby room with inside entrance to the garage, extensive use of crown moulding throughout most rooms, large primary bedroom with a walk-in closet & 3-piece ensuite (with walk-in shower). Exterior features include a covered front patio that is close enough to the Community Pond to hear the fountain/water feature; a double-wide paved drive (with parking for 2 cars) and beautiful landscaping (complete with a privacy berm in the rear yard). At over 24' long, the attached garage is large enough to park your car inside AND still have room for other "garage essentials." This very private, peaceful & tranquil neighbourhood is part of the Park Place Community comprised of over 115 acres of forest & fields, water & wilderness in Wasaga Beach. Numerous amenities include a 12,000 sq. ft. recreation complex with an indoor saltwater pool, sauna, gym, billiards & game rooms, dart boards, shuffleboard, horseshoe pits, bocce ball courts, a woodworking shop & more. Monthly Landlease fee ($649.20) + Property Taxes ($204.99) = $846.19

MLS number
S13696942
Type
Semi-Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
L9Z 3A8
Photos
50
Laundry
Main Level level
24days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 2,515 people.

$69,000Median household income
82.7%Own their home
70%Detached houses
64Median age
19.7%Born outside Canada
12.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35430953 — the few blocks around this address, home to 2,515 people. It describes the area, not this property.

2,515Population
54.9Average age
2.1Household size
$80,600Average household income
$69,000Median household income
83%Own their home
17%Rent
26%Condominiums
20%Born outside Canada
12%University degree
$499,000Average home value
8%Low income
14%Never married
Under $5,000<1%
$10,000 to $14,999<1%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9995%
$45,000 to $49,9994%
$50,000 to $59,99911%
$60,000 to $69,9998%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over21%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9994%
$200,000 and over3%

Percentages are of the 1,515 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$93,900 · minimum here is $23,475
$2,078.84per month
Borrowed before insurance$375,600
Total borrowed$375,600
Interest over 25 years at 4.5%$248,053

If you rented it out

-$2,078.84per month out of pocket
Rent$0.00
Everything it costs to hold$2,078.84
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal LePage Locations North. Listing data provided by the Toronto Regional Real Estate Board.