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Keswick South, Georgina
$649,000
Welcome to 148 Bayview Avenue, a fantastic opportunity for investors and end-users alike. Situated on a generous 55' x 190' lot, this property offers immediate rental income with excellent long-term potential. Beyond the home itself, the location offers the perfect balance of convenience and lifestyle. Enjoy easy access to the waterfront, making the property an excellent option as a year-round residence, weekend retreat, or cottage alternative. Everyday amenities, including shopping, grocery stores, restaurants, schools, parks, and other essential services, are all within close proximity, allowing you to enjoy both nature and urban conveniences. The home is currently leased to two separate tenants, generating $3,600 per month in rental income, providing valuable cash flow to help offset carrying costs. The basement tenant has expressed a strong interest in remaining, offering continuity for the new owner. The current owner has recently completed professional basement waterproofing, providing added value and peace of mind. Whether you're looking to expand your investment portfolio, secure a property with income in place, or acquire a home on a desirable lot with future possibilities, 148 Main Avenue presents an exceptional opportunity in a well-established neighbourhood.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,138 |
| Lot Size | 50 ft x 190 ft |
| mls© Number | N13560162 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,322
- Property tax
- $345
- Heat allowance
- $150
- Housing costs
- $3,817 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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