55 Lake Drive For Sale

Georgina, Historic Lakeshore Communities, L4P 1A5

$1,748,888

Description

Listed by CENTURY 21 LEADING EDGE REALTY INC..

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."

UPPER & BASEMENT UNITS, Already ( TENANTED ).

Location

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  • Address: 55 Lake Drive
  • Neighborhood: Historic Lakeshore Communities
  • City: Georgina
  • State: Ontario
  • Postal Code: L4P 1A5

Property Details

  • Property ID: N11937067
  • Property Price: $1,748,888
  • Style: Detached, Sidesplit 3
  • Sq/Ft: 2500-3000
  • Rooms: 10+4
  • Bedrooms: 3+1
  • Bath: 4
  • Garages Spaces: 3
  • Garage: Detached
  • Parking Spaces: 11
  • Year Built: 51-99
  • A/C: Central Air
  • Basement: Finished, Sep Entrance
  • Central Vac.: Y
  • Den: Y
  • Elevator: N
  • Exterior: Alum Siding, Stone
  • Heating: Forced Air
  • Fireplace: Y
  • Taxes: $7,648.85 (2024)
  • Acreage: .50-1.99 Acres
  • Lot: 218.99x67.51 (Feet)

Room details and dimensions

Statistics for similar Detached homes in Historic Lakeshore Communities

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in Historic Lakeshore Communities

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in Historic Lakeshore Communities

Property History

This property has been sold 7 times before. To view this property's sale price history please sign in or register:


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Recently Sold

  • Detached House sold at 34694 Richmond Street, Lucan Biddulph, Lucan, N0M 2J0 - MLS: X9304952
    • Sold 24 days ago

    34694 Richmond Street

    Lucan Biddulph, Lucan, N0M 2J0

    $1,900,000

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100