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7 Lakeview Terrace Winchester — Photo 1 of 42

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$2,600,000
Annual Taxes$27,283

Parking

Garage2
Off-Street3

Interior Specifications

Total Rooms11
Fireplaces3
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementUnfinished

Climate & Utilities

HeatingSteam, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningRDB

Property & Lot

Acres0.23
SqFt Lot10,032
Lot Features--

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

Third
Bedroom 4Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenOfficeFamily RoomBathroom 1
Living Room
Lvl First

23 x 16

Flooring - Hardwood

Dining Room
Lvl First

17 x 14

Flooring - Hardwood

Kitchen
Lvl First

17 x 14

Flooring - Stone/Ceramic Tile, Kitchen Island

Office
Lvl First

10 x 12

Flooring - Hardwood

Family Room
Lvl First

29 x 9

Flooring - Wood

Primary Bedroom
Lvl Second

17 x 15

Bathroom - Full, Closet

Bedroom 2
Lvl Second

13 x 16

Bedroom 3
Lvl Second

17 x 9

Closet

Bedroom 4
Lvl Third

10 x 12

Closet

Bedroom 5
Lvl Third

17 x 24

Closet

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - Full

Bathroom 3
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: Elizabeth Darby

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73578443