55 Lake Dr N
Historic Lakeshore Communities, Georgina
$1,748,888
Buy with Dwelly and Save $17,489
Home Details
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Listing 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 ).
All Appliances / Stove, Fridges, Washer and Dryer and all lights Total of 3 Fridges , one with ice maker, one set of washer and dryer and dishwasher , Gas Stove ( upstairs). Main floor- Fridge , Gas stove, Basement- Fridge , counter top stove, Washer
City: Georgina
Neighborhood: Historic Lakeshore Communities
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Feb 2, 2024 | 61 | $1,680,000 | N/A | Expired | N8041806 |
| Feb 8, 2023 | 38 | $1,999,000 | N/A | Terminated | N5899673 |
| Oct 12, 2022 | 92 | $1,649,000 | N/A | Expired | N5792436 |
| Aug 3, 2022 | 70 | $1,999,000 | N/A | Terminated | N5718857 |
| Sep 29, 2016 | 32 | $1,600 | $1,600 | Leased | N3618598 |
| May 29, 2013 | 139 | $549,900 | $530,000 | Sold | N2652485 |
| Mar 26, 2013 | 62 | $689,900 | N/A | Expired | N2590828 |
Rooms
Room dimensions for 55 Lake Dr N, Georgina
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 55 Lake Dr N is 9259
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1748888 |
| Down Payment | $349778 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1399110 |
Monthly Payment
| Mortgage Payment | $8622 |
| Property Taxes | $637 |
| Maintenance Fees | $0 |
| Monthly Payment | $9259 |
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About 55 Lake Dr N, Georgina
Located at 55 Lake Dr N , this Georgina house is available for sale. This property was listed for $1,748,888 on Wed Feb 26 2025. This house's size is 2500-3000 Sqft. It has 3 bedrooms and 4 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Primary, 2nd Br, 3rd Br, 4th Br, Living, Dining, Living. This property comes with 11 parking spots. 55 Lake Dr N, Georgina is situated in the Historic Lakeshore Communities neighbourhood.
MLS#: N11937067 · $1,748,888 · 3 bedroom house in Historic Lakeshore Communities, Georgina