For Sale

55 Lake Drive, Georgina, Ontario L4P 1A5

$1,688,888

55 Lake Drive, Georgina, Ontario L4P 1A5 is For Sale and has a listing price of 1,688,888. The property is located in the Georgina . It's been on the website for 118 Days.

  • Detached
    Property Type
  • 4
    Bedrooms
  • 4
    Bathrooms
  • Covered
    Parking
  • MLS ID: N12116136
  • Office Name CENTURY 21 LEADING EDGE REALTY INC.
Property Description

Attention Investors! An incredible investment opportunity awaits! Whether youre 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. UPPER & BASEMENT UNITS, Already ( TENANTED ). 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.”

Property Details
  • Property Type: All Houses
  • Listing Type: For Sale
  • Listing ID: N12116136
  • Price: $1,688,888
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 218.99
  • Ref ID: N12116136
  • Approx Sqft: 2000-2500
  • Dir / Cross St: Nida Dr and Lake Dr N
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Detached
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
05/01/2025 N12116136 $1,688,888 For Sale - -
01/23/2025 N11937067 $1,748,888 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Georgina
  • $1,110,994 Average List Price
    based on 1 year
  • 0 New Listings
    based on 30 days
  • 62 Median Days on Market
    based on 1 year
  • List vs. Selling Price 179.2 % Up
  • Sold (12mo) 527
  • Rented (12mo) 241

  • 1 Month Change -
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    88.1%
  • Commercial
    9.38%
  • Condo
    1.79%
  • Land for Sale
    0.73%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Sidesplit 3
  • Washroom Type1: 1
  • Central Vac Y
  • Garage Type Detached
  • Parking Spaces: 8
  • Exterior Stone, Aluminum Siding
  • Kitchen 2
  • Fireplace Y
  • Parking Covered
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 2
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 4 # Pcs: 3
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Taxes: $7,649
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 01/05/2025 15:34:38
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