
7 Lakeview Terrace Winchester — Photo 1 of 42
$2,600,000
Investment Analysis — 7 Lakeview Terrace
Winchester, MA 01890 — Lakeview/Ravenscroft
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01890 carries an estimated $4,120/mo in gross rent — about a 0.40% cap rate and $10,291/yr in estimated NOI at the $2,600,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,534
Style
Single Family
Built
1910
RARE WATERFRONT OPPORTUNITY on Upper Mystic Lake with spectacular sunset views! Tucked away on Lakeview Terrace, this special 1910 home offers a combination rarely found in Winchester: waterfront living, privacy, beautiful southwest light and exceptional convenience. Gracious rooms, period details and quality craftsmanship give the home wonderful character, while its generous layout offers an exciting opportunity to update and create something truly special. The home features 5-6 bedrooms, a home office and expansive living spaces designed to take advantage of the lake views. The kitchen, renovated some years ago, was thoughtfully positioned so the view can be enjoyed while preparing meals. An unfinished lower level with high ceilings offers additional possibilities. Just steps from Wedgemere Commuter Rail Station, 1/2 mile to Shannon Beach and less than a mile to Winchester Center via the Tri-Community Bikeway. A remarkable setting, beautiful sunsets and an opportunity that may not come again for years. Don't delay your visit!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,534 sq ft principal dwelling). Lot size: 10,032 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 16
Flooring - Hardwood
Dining Room
Lvl First17 x 14
Flooring - Hardwood
Kitchen
Lvl First17 x 14
Flooring - Stone/Ceramic Tile, Kitchen Island
Office
Lvl First10 x 12
Flooring - Hardwood
Family Room
Lvl First29 x 9
Flooring - Wood
Primary Bedroom
Lvl Second17 x 15
Bathroom - Full, Closet
Bedroom 2
Lvl Second13 x 16
Bedroom 3
Lvl Second17 x 9
Closet
Bedroom 4
Lvl Third10 x 12
Closet
Bedroom 5
Lvl Third17 x 24
Closet
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Elizabeth Darby
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73578443