8 days on Market

374 Raines St, Georgina, Ontario L4P 3C8

Other
-
6
~4295 sqft
$1,249,000
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Other
-
6
~4295 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$290/sqft

Est. Mortgage$5,364/mo

Tax Amount (2024)$7,161/yr

Days On Market8 days


Description

Nestled in the historic Lakeshore Communities of Roches Point in Keswick Georgina, this 0.255-acre severable double corner lot offers endless possibilities with C1 Commercial Zoning. Whether you're looking for a multi-unit residential property, a business space, or both, this prime location is just minutes from Cooks Bay on Lake Simcoe, top-rated schools, shopping, and dining, with easy access to Hwy 404. The main building features 2,961 sq ft above grade plus a 598 sq ft basement. Planned renovations (with permits) include 4 spacious bedrooms and 4 bathrooms, with vaulted ceilings in the upper bedrooms and ensuite baths for added comfort. The layout boasts a formal dining room, full kitchen, living and family rooms, and an additional family space with a kitchenette and wet bar. High-end finishes include hardwood floors, stone countertops, pot lights, and built-in appliances. The exterior will feature proposed stone and stucco accents, a covered front porch, and upgraded vinyl siding. A fully renovated second building (736 sq ft) adds even more value. This charming 2-bedroom, 1-bath bungalow has been updated with a new kitchen, laminate flooring, LED pot lights, and fresh white paint. The open-concept layout features a combined living and dining area, glass-enclosed shower, and new baseboard heaters. A new sliding door opens to the yard, creating a bright and inviting space. With its unique zoning and prime lakeside community location, this property is ideal for residential living, rental income, or commercial use such as a healthcare office, vet clinic, retail shop, or restaurant. Plus, it's just steps from Lake Drive N, known for its breathtaking panoramic views and high-value real estate. A rare investment opportunity in a sought-after location! The Interior of the main building is currently only framing and studs and the seller can finish renovation for a buyer of respective costs no less than $250K and for no less than 60K for stucco exterior.


Property Details

StyleStore With Apt/Office
View-
Age of property-
SqFt~4295 SqFt
Lot Size11,075 SqFt(184.81 x 59.93)
Parking Spaces10
MLS ®NumberN12039800
Community NameNeighborhood of Georgina
Data SourceTRREB
Listing byCOLDWELL BANKER - R.M.R. REAL ESTATE

Features

Heating: Gas Forced Air Open
Cooling: Y
Basement: Y

Features

Lot size: 11,075 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property listed by COLDWELL BANKER - R.M.R. REAL ESTATE, Brokerage

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Population and Demographics

Overview

Total population 47693
Average household income $127,528

Age (%)

50 to 64
24%
0 to 19
21%
35 to 49
19%
20 to 34
18%
65 and plus
17%

Household composition (%)

Single family
71%
Single person
24%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
90%
Others
6%
Russian
1%
Yue (Cantonese)
1%

House tenancy (%)

Owners
81%
Renters
19%

Schools and amenities

Estimated Budget