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Graham Terryberry

graham@terryberrygroup.com +1(403) 909-6787

$ 1,688,888

Est. payment -/mo

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55 LAKE DRIVE N Georgina (historic Lakeshore Communities), ON L4P1A5

4 Beds

4 Baths

2,000 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $844

Subdivision Historic Lakeshore Communities

MLS® Listing ID N12116136

Bedrooms 4

Half Baths 1

Originating Board Toronto Regional Real Estate Board

Property Sub-Type Freehold

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." (id:24570)

Location

Province ON

Lake Name Lake Simcoe

Rooms

Kitchen 2.0

Extra Room 1 Main level 3.01 m X 3.09 m Bedroom 4

Extra Room 2 Main level 3.01 m X 3.17 m Kitchen

Extra Room 3 Main level 3.38 m X 3.37 m Dining room

Extra Room 4 Main level Measurements not available Bathroom

Extra Room 5 Upper Level 5.22 m X 6.02 m Living room

Extra Room 6 Upper Level 5.02 m X 5.02 m Dining room

Interior

Heating Forced air

Cooling Central air conditioning, Ventilation system

Flooring Hardwood, Laminate

Fireplaces Type Insert

Exterior

Parking Features Yes

Fence Fully Fenced

View Y/N Yes

View View, View of water, Direct Water View

Total Parking Spaces 11

Private Pool No

Building

Sewer Sanitary sewer

Water Lake Simcoe

Others

Ownership Freehold

Listed by CENTURY 21 LEADING EDGE REALTY INC.

Graham Terryberry

Agent / Team Leader

+1(403) 909-6787

Graham Terryberry

55 LAKE DRIVE N Georgina (historic Lakeshore Communities), ON L4P1A5

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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55 LAKE DRIVE N