55 Lake Dr N Georgina, ON L4P 1A5
Listing Courtesy of: TORONTO IDX / Century 21 Leading Edge Realty Inc. Brokerage / Nancy Oskooi

  55 Lake Dr N Georgina, ON L4P 1A5

Active
$1,748,888
4
BED
4
BATH
2500-3000
SQFT

Description

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."

MLS®:
N11937067
Taxes
$7,649(2024)
Type
Single-Family Home
Style
Sidesplit 3
County
Regional Municipality of York
Community
Historic Lakeshore Communities

Listed By

Nancy Oskooi, Century 21 Leading Edge Realty Inc. Brokerage
Source
TORONTO IDX
Last checked Feb 1 2025 at 6:08 AM EST
Bathroom Details
Interior Features
  • Already ( Tenanted ).
  • Upper & Basement Units
Kitchen
  • Pantry
  • French Doors
  • W/O to Deck
Property Features
  • Fireplace: Fireplace
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Sep Entrance
  • Finished
Exterior Features
  • Stone
  • Alum Siding
Utility Information
  • Sewer: Sewers
  • Fuel: Gas
Garage
  • Detached
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Disclaimer: Copyright 2025 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 1/31/25 22:08