Description
**?? RENTAL INCOME ALERT $4,875/MONTH!** Welcome to **1562 St Margarets Bay Road**, a beautifully maintained Prestige Homes property in the heart of Lakeside offering an incredible opportunity for homeowners, investors, and house-hackers. The property features a **3-bedroom, 2-bathroom main-level unit** plus a **2-bedroom, 1-bathroom lower-level in-law suite**, generating a combined **$4,875/month in rental income**. The main level offers a renovated living room with wood-burning fireplace, open-concept kitchen and dining area with backyard access, main-level laundry, and a spacious primary ensuite with whirlpool tub. The lower level provides additional living space and income potential. Recent upgrades include a **new roof (2023), three heat pumps (2024), finished basement with electrical upgrades, new appliances, regravelled driveway (2026), and smart Mysa thermostats throughout**. With strong rental income, flexible living arrangements, a private backyard and large deck, this move-in-ready property offers exceptional versatility in a convenient Lakeside location.
- ID:
- 202621129
- Category:
- Single Family
- Status:
- Active
- Living Area:
- 2343.0 square feet
- Stories:
- 1.00
- Bathrooms:
- 3
- Bedrooms:
- 5
- Lot:
- 0.1722 acres
- MLS® Number:
- 202621129
- Common Interest
- Freehold
- Parcel Number:
- 40050866
- Year Built:
- 2005
- Building Type:
- House
- Community Name:
- Lakeside
- Days On Market:
- 54
- Dishwasher
- Stove
- Microwave
- Washer/Dryer Combo
- Air Conditioned
- 2 Level
- Heat Pump
- Baseboard heaters
- Electric
- Ductless
- Concrete Slab
- Vinyl
- Laminate
- Carpeted
- Vinyl
- Gravel
- House
- Municipal water
- Municipal sewage system
| Living room | 14.8x14.4 | |
| Dining room | 15x9.3 | |
| Kitchen | 13.3x9.1 | |
| Laundry room | 6.2x9.5 | |
| Primary Bedroom | 13.3x13 | |
| 3pc Ensuite bath | 6.5x9.5 | |
| Bedroom | 9.8x9.6 | |
| Bedroom | 13.4x9.3 | |
| 4pc Bathroom | 8.8x5.2 |
| Mud room | 5.11x9.1 | |
| Storage | 19.11x9.2 | |
| Recreational, Games room | 12.7x9.6 | |
| Kitchen | 12.7x11.8 | |
| Bedroom | 13.10x9.9 | |
| Bedroom | 12.9x10.4 | |
| 3pc Bathroom | 6.10x9.2 |
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Dawn Magee
MLS® Listing data is provided by The Canadian Real Estate Association (CREA) and is deemed reliable but not guaranteed. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and related logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing information is provided by participating real estate brokerages.