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$6,500,000
Available - For Sale
Listing ID: S11982819
This pedestrian-friendly, high-traffic economic opportunity is located at the main end of Wasaga Beach with waterfront views &steps to the longest freshwater beach in the World. Currently used as a parking lot this prime Beachfront Development has been approved by the Wasaga Beach Town Council for the downtown development master plan (DDMP) in 2017. Known as Festival Square, this will be the ground-floor for retail, restaurants, entertainment & visitor services. Creating approx 850 new jobs, the DTMP covers 32.37 acres, 1200 residential units, 262,000 SqFt of mixed-use retail, 2 hotels, a waterpark & 430,500 SqFt of entertainment facilities. Wasaga Beach is the 2nd fastest-growing community in Simcoe County that attracts thousands of tourists & cottagers throughout the summer months & is a 4-season destination. With 1.5 hours from Toronto & 30 mins to Collingwood or Barrie, and home to the new Gateway Casino, the growth rate is projected to double by 2031
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $194,400 $388,800 $583,200 $777,600
First Mortgage $3,693,600 $3,499,200 $3,304,800 $3,110,400
CMHC/GE $101,574 $69,984 $57,834 $0
Total Financing $3,795,174 $3,569,184 $3,362,634 $3,110,400
Monthly P&I $16,254.44 $15,286.54 $14,401.9 $13,321.6
Expenses $0 $0 $0 $0
Total Payment $16,254.44 $15,286.54 $14,401.9 $13,321.6
Income Required $609,541.35 $573,245.19 $540,071.28 $499,560.08

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Century 21 Millennium Inc.

9 Main St , Wasaga Beach, L9Z 2K3, Ontario

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Land
Area: Simcoe
Municipality: Wasaga Beach
Neighbourhood: Wasaga Beach
Style:
Lot Size: 135.76 x 131.88(Feet)
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Tax: $27,034
Maintenance Fee: $0
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