28 River Avenue Cres
Wasaga Beach, Wasaga Beach, L9Z 2K6
FOR SALE
$1,288,888
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3
BEDROOMS2
BATHROOMS1
KITCHENS4
ROOMSS10425837
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Property Description
Act fastthis riverfront gem at 28 River Ave. Crescent wont last long! Nestled along the Nottawasaga River in the heart of Wasaga Beachs vibrant Beach Area 1, this exceptional property boasts immense potential for both personal enjoyment and lucrative rental income. Feat three charming cottages on a single lot, it's the perfect setup for unforgettable family getaways or a fantastic rental investment. Each cottage offers a unique blend of comfort and versatility: Cottage #1 incl three spacious bedrooms and two bathrooms, sleeping up to 10 guests, while Cottage #2 offers a cozy, open-concept layout ideal for smaller groups, accommodating four guests with one bathroom. Cottage #3, similar to the first, can host up to 10 guests across three bedrooms and one bathroom, bringing the combined guest capacity to 25a turnkey setup for weddings, family reunions, corporate retreats, or group vacations. Additional cottages along the same street expand the capacity even further, making this property an ideal choice for large-scale gatherings.The prime location is a year-round draw for tourists, situated just a two-minute walk from the sandy shores of Wasaga Beach and the bustling strip at Beach Area 1. Its riverfront setting adds an irresistible charm with a private dock for watercraft, a sandy riverside area for relaxation, and a picturesque backdrop perfect for sunset bonfires. The area is also booming with recent developments, enhancing the growth potential of this property, making it a wise long-term investment. This is a turnkey business opportunity, ready to carry on with consistent rental income in a rapidly growing vacation destination, all within walking distance of the beach, shops, dining, and entertainment.Whether youre looking to create a personal retreat with ample room for family or to capitalize on the booming rental market, 28 River Ave. Crescent offers an unbeatable chance to own a slice of Wasaga Beachs most desirable area.Dont miss out this one wont last long!
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Extras
Outdoor amenities include picnic tables and colorful Adirondack chairs, ideal for both personal and guest use. Each cottage has dedicated parking spaces and is equipped with a BBQ for outdoor dining, making entertaining easy.
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Property Details
Street
Community
City
Property Type
Cottage, Bungalow
Lot Size
60' x 158'
Fronting
South
Taxes
$3,549 (2023)
Basement
Crawl Space
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 17.59' x 14.60' | Combined W/Kitchen, Combined W/Dining |
Br | Main | 9.19' x 8.99' | |
Br | Main | 9.58' x 9.19' | |
Prim Bdrm | Main | 17.39' x 9.28' |
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Wasaga Beach Market Statistics
Wasaga Beach Price Trend
28 River Avenue Cres is a 3-bedroom 2-bathroom home listed for sale at $1,288,888, which is $511,388 (65.8%) higher than the average sold price of $777,500 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Wasaga Beach increased by $67,600 (9.5%) compared to the previous 30 day period (September 21 - October 20) and down $103,480 (11.7%) from the same time one year ago.Inventory Change
There were 27 3-bedroom homes listed in Wasaga Beach over the last 30 days (October 21 - November 19), which is up 3.8% compared with the previous 30 day period (September 21 - October 20) and up 17.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Wasaga Beach typically sold ($19,387) (2.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $513 increase compared to the previous 30 day period (September 21 - October 20) and ($28,800) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Wasaga Beach over the last 30 days (October 21 - November 19) stood at 51.9%, up from 19.2% over the previous 30 days (September 21 - October 20) and up from 21.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Wasaga Beach stood at 34 days when successfully sold over the last 30 days (October 21 - November 19), compared to 109 days before being removed from the market upon being suspended or terminated.Listing contracted with Analyst Realty Inc.
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