1 / 25

Investment signal

$699,999

257 PARKWOOD AVENUE

Beds

Baths

Sqft

—

Year

—

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

Text about this home Send a message

About this home

Exceptional opportunity to own a fully upgraded income-generating duplex, ideal for investors or first-time buyers seeking to offset mortgage costs with rental income. This well-maintained property features two completely self-contained units with separate living spaces. The front unit offers a spacious 4-bedroom, 2-bathroom layout, complemented by an attached garage, while the rear unit features a comfortable 2-bedroom, 1-bathroom suite-perfect for extended family or rental income. Extensively updated, the home showcases modern finishes and quality improvements throughout, including a newer custom cedar exterior, upgraded systems, and heated crawl spaces for added efficiency and comfort. Equipped with two full kitchens, 2 fridges, 2 stoves, dishwasher, 2 washers and 1 dryer, and supported by 200-amp electrical service, this property is truly turnkey. Strong rental potential with the front unit generating approximately $2,500-$3,000/month and the rear unit $1,800-$2,200/month, making it a compelling investment. Conveniently located just minutes from Highway 404, schools, the lake, and local amenities. A rare opportunity combining lifestyle, flexibility, and solid income potential. (id:65958)

Subtype: Multi-family
Architectural style: Bungalow
Structure: Duplex
Community: Keswick South
Lot dimensions: 50 x 125 FT
Bedrooms: 6 above grade
Parking: 5 total
Stories: 1
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $4,200
Photos: 25
MLS#: N13009762
Area: GEORGINA_(KESWICK_SOUTH)

Features and systems

Parking

Attached GarageGarage

Basement

Crawl space

Appliances

DishwasherDryerTwo stovesTwo WashersGarage door opener remote(s)Water HeaterTwo Refrigerators

Heating

Forced airNatural gas

Cooling

Window air conditionerVentilation system

Exterior

WoodStucco

Foundation

Block

Lot

In-Law Suite

Community

Community Centre

Utilities

SewerElectricityCable

Negative cash flow ~$1,386/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,959

Financing

Down payment$140,000

Loan amount$559,999

Mortgage$3,436/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321

Insurance$80

Maintenance$583

CapEx reserve$292

Vacancy loss$175

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $3,436/mo at 5.49% with 20% down, 25-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 16, 2026.