ON > Georgina > Historic Lakeshore Communities
Georgina, ON L4P 1A5,55 Lake DR N
Georgina, ON L4P 1A5,55 Lake DR N
Georgina, ON L4P 1A5,55 Lake DR N
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$1,688,888
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4 Beds
4 Baths
0.5 Acres Lot
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55 Lake DR N Georgina, ON L4P 1A5

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Historic Lakeshore Communities

MLS Listing ID N12116136

Style Sidesplit 3

Bedrooms 4

Annual Tax Amount $7,648

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Detached

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."

Location

Province ON

County York

Community Historic Lakeshore Communities

Area York

Body of Water Lake Simcoe

Rooms

Family Room Yes

Basement Apartment, Crawl Space

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Accessory Apartment, Auto Garage Door Remote, Built-In Oven, Carpet Free, Central Vacuum, Countertop Range, Floor Drain, In-Law Suite, Primary Bedroom - Main Floor, Sump Pump, Upgraded Insulation, Ventilation System, Water Heater Owned, Water Meter

Cooling Central Air

Fireplaces Type Family Room, Living Room, Fireplace Insert

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Deck, Patio, Security Gate, Year Round Living

Parking Features Available, Front Yard Parking, Private, Covered, Private Double

Garage Spaces 3.0

Pool None

Waterfront Description Indirect,WaterfrontCommunity

View Beach, Water

Roof Type Metal

Topography Flat

Road Frontage Public Road, Municipal Road

Lot Frontage 67.51

Lot Depth 218.99

Total Parking Spaces 11

Building

Building Age 51-99

Unit Features Beach,Clear View,Electric Car Charger,Lake Access,Waterfront

Foundation Concrete Block

Others

Security Features Monitored,Carbon Monoxide Detectors,Security System,Smoke Detector

Listed by CENTURY 21 LEADING EDGE REALTY INC.
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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