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Listed 22 days ago

148 Bayview Avenue

Keswick South, Georgina

$649,000

Detached|Bungalow
2 | 2 | 4
About this home

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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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,138
Lot Size50 ft x 190 ft
mls© NumberN13560162
Listed ByREMAX 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.

Down payment20% · $129,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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