44 12th Street North, Wasaga Beach, Ontario L9Z2J9

Property Description

Exceptional opportunity to own a two-cottage, winterized rental property just one minute from the beach, ideally situated beside the provincial park and only a short stroll to the main beach area. Located in the heart of Wasaga Beach, this property is perfectly positioned to benefit from the town's multi-million-dollar downtown redevelopment currently underway, making it an attractive prospect for both immediate income and long-term appreciation.This versatile, income-generating property offers multiple investment strategies: operate both units as short-term rentals after current leases expire or live in one unit while generating income from the other. Front unit: 3-bedroom cottage, leased on a 12-month term starting June 1 at $1,600/month inclusive.. Back unit: 2-bedroom cottage, leased on a 12-month term starting May 1 at $1,575/month inclusive. Hydro and gas approx total $190 per month each unit. Proven summer short-term rental potential with rates of $450/night (Fri-Sat) and $295/night (Sun-Thurs) Additional investor-friendly features include: two separate fenced backyards; ample parking; separate utility meters. Fully winterized for year-round income potential. Flexible, high-demand beach-area asset in one of Ontario's fastest-evolving resort communities. (id:5764)