55 Lake Dr N
Georgina | Historic Lakeshore Communities | L4P 1A5- 3 + 1
- 4
- 0
$1,748,888
Est. Mtg $5,930 /mo-
Days on market
87
-
Status
New
Home details
- MLS #:
N11937067
- Property type:
- Detached
- Style:
- Sidesplit 3
- Taxes:
- $7,649
- Possession:
- 60/90 Days
- Lot Front:
- 67.51 Feet
- Lot Depth:
- 218.99 Feet
- Basement:
- Finished | Sep Entrance
- Driveway Pkg:
- 8
- Heat:
- Gas | Forced Air
Description
55 Lake Dr N, , Georgina, Ontario is a Detached property in Georgina and in the Historic Lakeshore Communities community in the L4P 1A5 postal code
Attention Investors! An incredible investment opportunity awaits! Whether you're looking to grow your rental portfolio or start a vacation rental business, this property is packed with potential. This property is perfect for Airbnb or rental income ventures. Key features include: Legal duplex designation with a visible plate on the front of the house. Three units, each with private entrances, offering flexible rental options. Private dock and deeded lake access for year-round enjoyment. The town has started the process for owner purchase of the waterfront land across the street an exciting added value opportunity! 200-amp electrical service, ensuring reliable power for all units. Metal Roof, Furnace 2021 , A/C 2022 , Hot water Tank Owned 2016 . Basement walls Double Insulated. A spacious three-door garage for storage or additional use. A large lot with plenty of parking in both the front and back. This property has incredible potential, whether for short-term rentals, long-term tenants, or a mix of both. Legal Duplex With 3rd Sep. Unit In Bsmnt (Can Apply To Make 3rd Unit Legal) On Massive Waterfront Lot! Widens To 82Ft In Rear. Unobstructed Western Lakefront Views! Private Dock + Steps To Boat Launch. Detached 3.5 Car Garage. Instant Lake Access In Winter For Ice Fishing! Upper Unit 1500Sqft: 4 Bedrooms(Converted To 3) + 2 Baths, Kitchen, Dining, Laundry, 2 Decks (Front And Back). Main Unit 550Sqft: 1 Bedroom + 1 Bath, Kitchen, Dining And Walk-Out Patio. Bsmnt Unit 450Sqft: Walk-Up Big Bachelor + 1 Bath + Side Private Patio. The seller assumes no responsibility for the accuracy of measurements or any others. The buyer is advised to conduct their own independent investigations and due diligence." **EXTRAS** UPPER & BASEMENT UNITS, Already ( TENANTED )..
Extras
.
History
Sign in for full accessList Date | End Date | List Price | End Price | Status | MLS # |
2022-08 | 2022-10 | $1,999,000 | $1,999,000 | Ter | N5718857 |
2022-10 | 2023-01 | $1,649,000 | $1,649,000 | Exp | N5792436 |
2023-02 | 2023-03 | $1,649,000 | $1,999,000 | Ter | N5899673 |
2024-02 | 2024-04 | $1,680,000 | $1,680,000 | Exp | N8041806 |
2025-01 | 2025-02 | $1,748,888 | $1,748,888 | New | N11937067 |
Comparables
Sign in for full accesssold Date | Address | List Price | sold Price | DOM |
2024-08 | 292 Elmview Gdns, | $635,000 | $625,000 | 44 |
2024-07 | 1036 Metro North Rd, | $715,000 | $715,000 | 10 |
2024-06 | 27 Broadview Ave, | $849,900 | $850,000 | 5 |
2022-02 | 388 Bouchier St, | $999,000 | $1,465,000 | 8 |
2020-10 | 970 Metro Rd N, | $648,900 | $630,000 | 248 |
2019-07 | 11 Kerfoot Cres, | $569,000 | $567,000 | 2 |
2018-09 | 1036 Metro North Rd, | $469,000 | $460,000 | 48 |
Statistics: TRREB Market Watch - JUNE 2023
Municipality activity Detached
Sale activity
Georgina :
61
$927,805
164
-2.36%
Municipality activity All Property Types
Sale activity
Georgina :
$903,359
70
180
14
102%
-2.01%
Sale Chart - Detached
Georgina Average Price (2 Years):
Sale Chart - Detached
TRREB Total Average Price (2 Years):
Estimated running costs for 55 Lake Dr N
Based on available 3rd party data
Approximate costs per month
- Mortgage
- $5930 p/m
- Energy
- from $75 p/m
- Water
- from $40 p/m
- Home insurance
- from $20 p/m
- Taxes
- $637 p/m
- Maintenance
- $0 p/m
Amenities:
Features:
-
Beach
-
Clear View
-
Cul De Sac
-
Fenced Yard
-
Lake Access
-
Waterfront
Payment calculator

-
Principal and Interest
5930 /mo
-
Property Taxes
$637 /mo
-
Yearly Condo Fees
$0
* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

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