$1,688,888
10.77 BTC
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Map
55 Lake Drive, Georgina
$1,688,888
PRICE
3 + 1
BEDROOMS
4
BATHROOMS
N12116136
MLSID

55 Lake Drive, Georgina

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."
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Sold History

SOLD
21 September 2009
$350,000

Summary

Address
55 Lake Drive
MLSID
N12116136
Property Type
Detached
Property Category
Bedrooms
3 + 1
Bathrooms
4
Kitchens
2
Taxes (Annual)
$7,648.85
Tax Year
2025
Published
May 1, 2025
Days on Market
94 Days
Possession Type
90+ Days
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Inclusions

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

Exclusions

All personals belongs

Details

Property Features
Beach, Clear View, Electric Car Charger, Lake Access, Waterfront
Security Features
Monitored, Carbon Monoxide Detectors, Security System, Smoke Detector
Bathroom 1
4-Piece Upper Level
Bathroom 2
2-Piece Upper Level
Bathroom 3
3-Piece Main Level
Bathroom 4
3-Piece Basement Level
Parking Spaces
8
Parking Total
11
Parking Features
Available, Front Yard Parking, Private, Covered, Private Double
Architectural Style
Sidesplit 3
Roof
Metal
Construction Materials
Aluminum Siding, Stone
Lot Width
68 Feet
Lot Depth
219 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with CENTURY 21 LEADING EDGE REALTY INC.
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