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Investment signal

$799,000

33 FRANK STREET

Save this home

Beds

6

Baths

4 full + 1 half

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Wasaga Beach. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Top 5 Reasons You Will Love This Home: 1) Fantastic opportunity for investors or homebuyers seeking income while enjoying their own space, this property was renovated in 2019 with stunning finishes and offers 3+3 bedrooms spread across two levels with a generous 2,319 square feet of living space, including a main level residence, occupied with amazing tenants, while the lower level features a vacant, move-in-ready legal accessory dwelling unit 2) Nestled in a peaceful residential neighbourhood settled on a spacious lot, featuring a bright and airy main level with three bedrooms, an open-concept living room, kitchen, and dining area, two full bathrooms, and a side porch with its own private entrance from Helena Street 3) Legal accessory dwelling located on the lower level, accessible from Frank Street providing a light-filled space with three bedrooms, a 4-piece bathroom, an additional 2-piece bathroom, and a welcoming foyer, all enhanced by an open layout and a convenient built-in laundry area 4) Both units are beautifully designed with soft white walls, built-in electric fireplaces, and custom bookshelves, featuring quartz countertops in the lower level and laminate countertops on the main level, each featuring its own private deck or patio, along with separate parking spaces for added convenience 5) Located in Wasaga Beach close to stunning beaches, golf courses, skiing, and water activities, with shopping, schools, churches, and endless recreational options just moments away. 1,241 above grade sq.ft. plus a finished lower level. *Please note some images have been virtually staged to show the potential of the home. (id:65958)

Subtype
Multi-family
Architectural style
Raised bungalow
Structure
Duplex
Community
Wasaga Beach
Lot dimensions
86 x 105.2 FT
Bedrooms
3 above grade, 3 below grade
Parking
6 total
Stories
1
Fireplace
2
On market
Apr 13, 2026
Status changed
Apr 27, 2026
Annual tax
$4,480
Zoning
R1
Photos
41
MLS#
S12989528
Area
WASAGA_BEACH

Features and systems

Parking

No Garage

Basement

FinishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryerWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Stucco

Flooring

HardwoodLaminateCeramic

Foundation

Block

Lot

In-Law Suite
Negative cash flow ~$884/mo at these assumptions

Cash on cash

-6.64%

Cap rate

3.54%

GRM

16.6

Break-even rent

$4,930

Financing

Down payment$159,800
Loan amount$639,200
Mortgage$3,239/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366
Insurance$80
Maintenance$666
CapEx reserve$333
Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,239/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.

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