2/158 Medcalf Street, Warners Bay, NSW 2282

$760,000 - $820,000

Villa
Type
3
Bedrooms
1
Bathrooms
1
Parkings

Published on Tuesday, July 21, 2026 ( See property details for 2/158 Medcalf Street, Warners Bay, NSW 2282)

$760,000 - $820,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, single-level brick villa in Warners Bay offering lakeside living, versatile investment potential, and convenient access to local amenities.

🏡 Property Highlights

  • Prime lakeside location with stunning Lake Macquarie views and access
  • Single-level brick villa offering effortless and practical living
  • Three spacious bedrooms with updated bathroom and modern amenities
  • Open-plan kitchen, dining, and living area ideal for entertaining
  • Timber deck perfect for outdoor relaxation and gatherings
  • Potential to purchase the second dwelling for added investment opportunities

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Air Conditioning
  • Ceiling Fans
  • Outdoor Area
  • Garage
  • Waterfront / Views
  • Secure Parking
  • Pet-Friendly
  • Water tank

Warners Bay is a vibrant lakeside community renowned for its scenic waterfront, outdoor recreational activities, and lively café culture. The suburb offers excellent access to walking and cycling paths, parks, and public transport, making it ideal for families, professionals, and investors seeking a relaxed yet connected lifestyle. Its proximity to Lake Macquarie provides a stunning natural backdrop, complemented by a strong community atmosphere and convenient amenities.

What is the condition of the property and are there any recent renovations?
The property features an updated bathroom and modern amenities, with a solid brick construction ensuring durability and low maintenance.
Is there potential for future development or expansion on the site?
Yes, there is an opportunity to purchase the second dwelling on the site, offering potential for expansion, dual living, or increased rental income.
What are the ongoing costs associated with the property?
Annual council rates are approximately $2,005, with strata levies around $1,044 per quarter. Maintenance costs are typical for a property of this type.
Are there any restrictions or covenants affecting the property?
The property is situated within local council zoning regulations; specific restrictions can be confirmed with the local council or your legal advisor.
What is the rental income potential and current tenant situation?
The property has a long-standing tenant, with an estimated rental return of $580 - $620 per week, making it an attractive investment opportunity.
Are there any existing easements, covenants, or zoning restrictions that could affect future development or renovations? Has the property been inspected for structural issues, pests, or water damage? Are there any upcoming council or community developments planned in the area that could impact the property? What are the details of the second dwelling, and are there any additional costs or restrictions associated with purchasing both properties? Is the property compliant with current building codes and safety standards, including electrical and plumbing systems? Are there any known issues with flooding, bushfire risk, or environmental hazards in the area? What are the strata or community management arrangements, and are there any special levies or fees? Are there any planned upgrades or maintenance required for the property in the near future? What are the noise levels and neighbour relations like in this area? Is there any ongoing or planned construction nearby that could affect the property's value or livability?

2/158 Medcalf Street, Warners Bay, NSW 2282 - More Details

$760,000 - $820,000

Nestled in the sought-after lakeside suburb of Warners Bay, just moments from the scenic shores of Lake Macquarie, this 3 bedroom brick unit offers an outstanding opportunity for savvy buyers. The property rests at the back of the block; with a unique design this freestanding dwelling offers both privacy and practicality.

Featuring three bedrooms, a spacious open-plan kitchen, dining, and living area, in addition to a timber deck, detached single lock-up garage, and additional off-street parking all of your needs are easily met. Set in a vibrant lakeside community with easy access to bustling shopping and dining precincts, picturesque walking and cycling paths, picnic spots, and regular community events, Warners Bay is a popular location for all.

An opportunity exists to purchase the second dwelling on the site, creating the potential to secure both properties as a unique investment package. Whether you're looking to expand your portfolio, maximise rental income or secure a versatile dual-property holding, this is a rare opportunity to acquire both residences.

What You’ll Love

Lakeside Lifestyle at Your Doorstep
With the stunning Lake Macquarie just moments away, you’ll love the ease of morning walks along the waterfront, sunset bike rides, weekend picnics and coffee catch-ups at the nearby cafés.

Effortless Single-Level Living
Thoughtfully designed across a single level, this villa offers comfort, practicality and easy everyday living. The spacious open-plan layout creates a welcoming heart of the home, while the seamless flow between kitchen, dining and living spaces makes entertaining family and friends feel effortless.

Outstanding Convenience & Investment Appeal
Positioned close to shops, cafés, parks and public transport, everything you need is within easy reach. For investors, the current rental return offers immediate income potential, while the second dwelling is also available to purchase for those seeking to add to a property portfolio.

What You Need to Know;
- Solid brick villa
- Three spacious bedrooms
- Updated bathroom
- Split system air conditioner & ceiling fans
- Open-plan kitchen, dining and living area
- Timber outdoor deck
- Single lock-up garage plus off-street parking
- Long standing tenant

- Council Rates: approx. $2005 per year
- Estimated rental return: $580 - $620 per week
- Strata Levies: approx. $1,044 per quarter

What You'll Find Nearby;

- Warners Bay Shopping Village - approx. 1.1km
- Warners Bay waterfront - approx. 150m
- Watagan walking paths - approx. 150m
- Speers Point Park - approx. 2.7km
- Warners Bay waterfront cafés - approx. 750m
- Public transport nearby - less than 50m
- Biddabah Public School - approx. 550m
- Eleebana Boat Ramp - approx. 2.9km
Type
Villa
Bedrooms
3
Bathrooms
1
Parkings
1

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