For Sale
196 Melrose Avenue
Wasaga Beach, Wasaga Beach, ON
$449,000
2Bd
1Ba
900+sqft
4Parking
49.98 x 149.94 ftlot
$499/sqft
DetachedMLS# S12956794Listed 2026-04-0418 DOM
Heating
Water Heater Owned
Basement
Partially Finished
About this home
2-bedroom, 1-bathroom bungalow in Wasaga Beach set on a 50 x 150 ft lot. Features an updated kitchen and well-sized bedrooms, offering practical and comfortable living space. The full basement is partially finished with an additional bedroom, and a separate side entrance adds potential for an in-law suite or basement apartment. Just minutes to the beach, this property is a solid option for first-time buyers, downsizers, or a cottage getaway. Gas Furnace (2017), Front Shingles Replaced (2023).
Basement AptIn-law Suite
Rooms
Main Floor
| Living Room | 2.88 × 4.87 m | |
| Dining Room | 3.29 × 3.18 m | |
| Kitchen | 3.03 × 3.28 m | |
| Primary Bedroom | 3.10 × 4.29 m | |
| Bedroom 2 | 3.48 × 2.79 m | |
| Bathroom | 1.62 × 2.80 m | 4 Pc Bath |
Lower
| Recreation | 4.72 × 5.81 m | |
| Den | 5.63 × 2.84 m | |
| Bedroom 3 | 3.11 × 2.87 m |
Features
- In-Law Capability
- Primary Bedroom - Main Floor
- Water Heater Owned
- Full
- Partially Finished
- None
- Bungalow
Financials
Annual Taxes
$1,995
Estimated Rental Income
Entire property$2,600 – $3,800/mo
Rental yield6.9% – 10.2%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Wasaga Beach
Days on market18 days
Buyer's MarketSeller's Market
Based on active listings in Wasaga Beach. Data updates daily.
Our estimate for this home
Estimated range
$434K – $505K
Mid-point $470K · ~$522/sqft
How this listing compares
$434KList · $449K$505K
High confidence·Based on 85 wasaga beach comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
63
/ 100
Walk Score
Somewhat Walkable
40
/ 100
Transit Score
Some Transit
39
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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