Building lot on quiet Iris Drive in the neighborhood of newer homes, measuring 50 ft x 151 ft. The lot is fairly clear, locted within walking distance to St Noel Chabanel Catholic Elementary School. Also a quick and easy drive to local shopping, medical and recreational facilities as well as easy access to Collingwood, Blue Mountains. One municipal water and sewer at lot line paid in full. Great opportunity to buy an affordable building lot in Wasaga Beach to build now or in the near future. Drive by and see for yourself!
works out to roughly $484 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 40 Iris Dr
Every detail from the listing, in one place.
Type
Land
Living space
< 700 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
40 Iris Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S12112469$339,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 40 Iris Dr Compares to the Wasaga Beach Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,665
/mo
based on the purchase price of $339,000
$67,800 cash
$271,200 financed
$228,422 total interest
Principal54%$271,200
Interest46%$228,422
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Wasaga Beach
Other homes for sale in Wasaga Beach around $339K.
Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio96.2%On average, homes sold below asking.
Active listings423Homes for sale here right now.
Median vs prior 90 days−5.1%Compared with May 12 – Aug 10, 2026: prices down.
Based on 200 sales from Aug 10 – Nov 8, 2026 (209 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 40 Iris Dr
How much is 40 Iris Dr listed for?
40 Iris Dr is listed at $339,000 (MLS® S12112469). Summitly updates the price as soon as the MLS® record changes.
Is $339,000 a good price for 40 Iris Dr?
Summitly rates it Good Deal: the asking price is 3% to 10% below Zara's estimate, an estimate built from recent sales in Wasaga Beach. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 40 Iris Dr changed?
No — 40 Iris Dr is still listed at its original asking price of $339,000.
How many bedrooms and bathrooms does 40 Iris Dr have?
40 Iris Dr has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Wasaga Beach.
How much would the monthly mortgage be on 40 Iris Dr?
About $1,665 a month — principal and interest on $339,000 with 20% down ($67,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 40 Iris Dr compare with other homes in Wasaga Beach?
Its asking price of $339,000 is about 44% below the median sold price in Wasaga Beach over the last 90 days, $602,495, across 200 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 40 Iris Dr been sold before?
Summitly has no earlier MLS® sale or lease of 40 Iris Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Iris Dr?
40 Iris Dr is in Wasaga Beach, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Iris Dr been on the market?
557 days — 40 Iris Dr was listed on April 30, 2025.
What is the price per square foot of 40 Iris Dr?
About $484 per square foot: the asking price of $339,000 over the 700 sq ft the listing gives.
What is the lot size of 40 Iris Dr?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 40 Iris Dr?
About $3,560 in Ontario land transfer tax at the asking price of $339,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
