55 Lake Drive N Georgina (Historic Lakeshore Communities), Ontario L4P 1A5
$1,688,888
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." (id:55499)
Property Details
| MLS® Number | N12116136 |
| Property Type | Single Family |
| Community Name | Historic Lakeshore Communities |
| Amenities Near By | Beach |
| Easement | Unknown |
| Features | Irregular Lot Size, Flat Site, Carpet Free, Sump Pump, In-law Suite |
| Parking Space Total | 11 |
| Structure | Deck, Patio(s), Drive Shed, Workshop |
| View Type | View, View Of Water, Direct Water View |
| Water Front Name | Lake Simcoe |
| Water Front Type | Waterfront |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Garage Door Opener Remote(s), Oven - Built-in, Central Vacuum, Range, Water Heater, Water Meter, All, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | Crawl Space |
| Construction Status | Insulation Upgraded |
| Construction Style Attachment | Detached |
| Construction Style Split Level | Sidesplit |
| Cooling Type | Central Air Conditioning, Ventilation System |
| Exterior Finish | Aluminum Siding, Stone |
| Fire Protection | Monitored Alarm, Security System, Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Type | Insert |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2000 - 2500 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage | |
| Covered |
Land
| Access Type | Public Road, Public Docking |
| Acreage | No |
| Fence Type | Fully Fenced |
| Land Amenities | Beach |
| Sewer | Sanitary Sewer |
| Size Depth | 219 Ft |
| Size Frontage | 67 Ft ,6 In |
| Size Irregular | 67.5 X 219 Ft |
| Size Total Text | 67.5 X 219 Ft|1/2 - 1.99 Acres |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Bedroom 4 | 3.01 m | 3.09 m | 3.01 m x 3.09 m |
| Main Level | Kitchen | 3.01 m | 3.17 m | 3.01 m x 3.17 m |
| Main Level | Dining Room | 3.38 m | 3.37 m | 3.38 m x 3.37 m |
| Main Level | Bathroom | Measurements not available | ||
| Upper Level | Living Room | 5.22 m | 6.02 m | 5.22 m x 6.02 m |
| Upper Level | Dining Room | 5.02 m | 5.02 m | 5.02 m x 5.02 m |
| Upper Level | Kitchen | 5.23 m | 3.34 m | 5.23 m x 3.34 m |
| Upper Level | Primary Bedroom | 6.59 m | 4.1 m | 6.59 m x 4.1 m |
| Upper Level | Bedroom 2 | 3.66 m | 3.51 m | 3.66 m x 3.51 m |
| Upper Level | Bedroom 3 | 3.51 m | 2.73 m | 3.51 m x 2.73 m |
Utilities
| Cable | Installed |
| Wireless | Available |
| Electricity Connected | Connected |
| Natural Gas Available | Available |
| Telephone | Nearby |
| Sewer | Installed |
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 01 2025 05:05:10
Toronto Real Estate Board
Century 21 Leading Edge Realty Inc.