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

Listing Broker CENTURY 21 LEADING EDGE REALTY INC.
Since listed: 1 views

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

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List 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

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sold 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 :

Properties sold

61

Average sale price

$927,805

New Listings

164

Year on Year Growth

-2.36%

Municipality activity All Property Types

Sale activity

Georgina :

Average sale price

$903,359

Properties sold

70

New Listings

180

Days on Market

14

Sale $ / List $

102%

Year on Year Growth

-2.01%


Sale Chart - Detached

Georgina Average Price (2 Years):

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Sale Chart - Detached

TRREB Total Average Price (2 Years):

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Estimated running costs for 55 Lake Dr N

Based on available 3rd party data

$6702

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
Listing Broker CENTURY 21 LEADING EDGE REALTY INC.
Data Source: TRREB

Payment calculator

$6567 monthly. In association with: TD Bank
%
  • 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.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gerry Crokidas, Realtor

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