40 Riverglen Drive, Georgina, ON

Keswick South, Georgina · MLS® N13609008

$1,395,900
For Sale
Listed 84 days agoNo offer date statedSitting longer than typical
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2+1Bedrooms
2Bathrooms
8Parking
1500-2000Sq ft

About this home

In short

  • A Rare Opportunity To Own 2 Riverfront Properties Being Sold Together As One.
  • Offering an incredible 214 feet of river frontage, this unique package presents endless possibilities.
  • Enjoy it as your own private waterfront retreat on an exceptionally wide property, or explore the outstanding potential for builders, renovators, investors, or those...

A Rare Opportunity To Own 2 Riverfront Properties Being Sold Together As One! Offering an incredible 214 feet of river frontage, this unique package presents endless possibilities. Enjoy it as your own private waterfront retreat on an exceptionally wide property, or explore the outstanding potential for builders, renovators, investors, or those dreaming of creating a spectacular custom estate. Whether you're looking for room for a multi-generational family, a weekend escape surrounded by nature, or your next investment project, this property delivers. The expansive frontage provides exceptional privacy, breathtaking water views, and endless opportunities to enjoy boating, kayaking, fishing, wildlife, and peaceful riverside living. Properties with this much waterfront and this many possibilities are incredibly rare. Renovate, rebuild, reimagine, or simply enjoy it exactly as it is. An exceptional opportunity to secure a one-of-a-kind riverfront property with unlimited potential!

Key facts

Property type
Detached, Bungalow
MLS®
N13609008
Bedrooms
2+1 (3 total)
Bathrooms
2 (1 half)
Size
1500-2000 sq ft
Lot
214 × 415 ft
Cross streets
Woodbine Ave/Riverglen Drive
Parking
8 parking
Driveway
Circular Drive
Basement
Finished, Walk-Out
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding
Foundation
Block
Roof
Asphalt Shingle
Sewer
Sewer
Pool
Inground
Property tax
$6,022 / 2026
Days on market
84
Listing brokerage
RE/MAX ALL-STARS REALTY INC.

Rooms

Primary BedroomMain3.84 × 3.57 m

overlooks pool · w/o to deck · overlooks backyard

RecreationBasement6.99 × 7.23 m

w/o to yard · wood stove · laminate

Dining RoomMain2.82 × 3.10 m

skylight · overlooks living

Living RoomMain6.69 × 3.54 m

gas fireplace · w/o to deck · overlooks pool

OfficeMain2.57 × 3.54 m

Gas Fireplace

LibraryBasement2.27 × 3.81 m
KitchenMain3.22 × 3.79 m

eat-in kitchen · pantry

Bedroom 3Basement2.90 × 4.22 m

w/o to yard · laminate

Bedroom 2Main2.36 × 3.69 m

W/O To Deck

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Keswick South, Georgina, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Keswick North
$960K
Historic Lakeshore Communities
$1.04M
Sutton & Jackson's Point
$707K
Virginia
$683K
Pefferlaw
$808K

Typical asking price of active listings of the same type, per area (outliers removed). Georgina.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$6,362/mo
$261KIncome needed
5.3×Price ÷ income
$1,468Weekly cost
$24,393Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

93%mortgage
Mortgage $6,362Property tax $502Total carry $6,864

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,175per month

Mortgage amount $1,116,720 · 4.49% over 25 years

$279,180Down payment (20.0%)
$1,116,720Loan before insurance
$0CMHC premium
$6,676Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,175
Property tax
$502
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,676

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$24,393
Estimated closing costs
$24,393

Plus your down payment of $279,180. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,473/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$735,641Total interest paid
$1,852,361Total of all payments
Principal $1,116,720 Interest $735,641
YearPrincipalInterestBalance
1$24,920$49,174$1,091,800
2$26,052$48,043$1,065,748
3$27,235$46,860$1,038,513
4$28,471$45,623$1,010,041
5$29,764$44,330$980,277
6$31,115$42,979$949,162
7$32,528$41,566$916,634
8$34,005$40,089$882,629
9$35,549$38,545$847,079
10$37,163$36,931$809,916
11$38,851$35,244$771,066
12$40,615$33,480$730,451
13$42,459$31,636$687,993
14$44,386$29,708$643,606
15$46,402$27,693$597,204
16$48,509$25,586$548,696
17$50,711$23,383$497,985
18$53,013$21,081$444,971
19$55,421$18,674$389,551
20$57,937$16,158$331,614
21$60,567$13,527$271,047
22$63,317$10,777$207,729
23$66,192$7,902$141,537
24$69,198$4,897$72,339
25$72,339$1,755$0

At the end of your 5-year term

Total paid over the term
$370,472
Principal paid down
$136,443
Interest paid
$234,030
Balance remaining
$980,277

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
1.9%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

2.7%
Gross yield
− Property tax $6,022− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,220

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ALL-STARS REALTY INC.. MLS®/PropTx.

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