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Keswick home near lake snapped up for $680,000

270 Annshiela Dr., Keswick, Ont.

270 Annshiela Dr., Keswick

ASKING PRICE

$599,000

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SELLING PRICE

$680,000

PREVIOUS SELLING PRICE

$134,000 (1996)

TAXES

$3,255 (2016)

DAYS ON THE MARKET

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Three

LISTING AGENT

Lucais Shepherd, Right at Home Realty Inc.

The Action: In recent months, agent Lucais Shepherd sold three properties on the same street near Lake Simcoe at the south end of Keswick, just a 40-minute drive north of Toronto. Like the first two, this two-storey house on a 63-by-191-foot lot quickly received multiple offers – mostly from investors in York Region – and sold for more than the list price.

"Each was sold in a bidding war, so that's the pattern now for almost everything in South Keswick. It's a hot market due to the proximity to the 404 [highway]," Mr. Shepherd explains. "A lot of the big lots are getting snapped up close to Lake Simcoe."

What They Got: Compared with neighbouring properties, this three-bedroom house is relatively young, built about 40 years ago.

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It contains a traditional kitchen and open living and dining areas with a walkout to the deck and backyard. Bathrooms are located on each level, but the basement, which features an office and recreation room.

The Agent's Take: "It's a very large lot for in-town Keswick … a lot of the new stuff being built is on 35- or 37-foot lots; that's all they need to build a detached house," Mr. Shepherd notes.

"There's a mix of houses on those streets with cottages that have been winterized and only have crawl spaces, whereas this is a formal house with a basement, full foundation and attached garage; so it's an above-average home for those streets that go close to Lake Simcoe."

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