A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 55 Lake Dr, Georgina Ontario L4P 1A5
Reel thumbnail
72 days on Market

55 Lake Dr, Georgina, Ontario L4P 1A5

Detached
3 + 1
4
~2500-3000 sqft
$1,748,888
Get pre-qualifiedPowered by Neo Mortgage
Buy with Wahi to get
Up to
$17,489Cashback
Detached
3 + 1
4
~2500-3000 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$641/sqft

Est. Mortgage$7,511/mo

Tax Amount (2024)$7,649/yr

Days On Market72 days


Description

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 ).


Property Details

StyleSidesplit 3
ViewBeach, Water
Age of property51-99
SqFt~2500-3000 SqFt
Lot Size14,784 SqFt(218.99 x 67.51)
Parking Spaces11
MLS ®NumberN11937067
Community NameNeighborhood of Georgina
Data SourceTRREB
Listing byCENTURY 21 LEADING EDGE REALTY INC.

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Fireplace
Basement: Finished, Sep Entrance

Main Floor

4th Br

3.01 x 3.09

Overlook Water / Laminate

Living

3.38 x 2.99

Fireplace / W/O To Patio / Laminate

Dining

3.38 x 3.37

Combined W/Living / O/Looks Backyard / 3 Pc Bath


Features

Lot size: 14,784 SqFt

Parking

Garage spaces 3

Garage type Detached

Other parking spaces 8

Total parking spaces 11


Property listed by CENTURY 21 LEADING EDGE REALTY INC., Brokerage

Get up to 1% cashback when you buy your dream home with Wahi Cashback

Cashback Banner Image

A new way to buy a home that puts cash back in your pocket.

  • Our in-house Realtors do more deals and bring that negotiating power into your corner
  • We leverage technology to get you more insights, move faster and simplify the process
  • Our digital business model means we pass the savings onto you, with up to 1% cashback on the purchase of your home

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