3 Beds 4 Bath

55 Lake Drive, Georgina, ON L4P 1A5

Georgina L4P 1A5 Ontario

MLS: N11937067

$1,748,888

Added 58 days ago | For Sale

Listed by: CENTURY 21 LEADING EDGE REALTY INC.

About Property

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." **EXTRAS** UPPER & BASEMENT UNITS, Already ( TENANTED ).

Features

  • House Style:Detached
  • Bathrooms:4
  • Land Size: 67.51 X 218.99
  • Water:Municipal
  • Garage Spaces: /Detached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Nida Dr and Lake Dr N
  • Basement:Finished,Separate Entrance , Finished,Separate Entrance
  • Possession Date:60/90 Days
  • Annual Property taxes: $7648.85
  • Bedrooms:3 +1
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:N11937067

Level Type Features Dimensions
Main Bedroom 4 Overlook Water, Laminate 9 ft, 11 in x 10 ft, 2 in
Living Room Fireplace, W/O To Patio, Laminate 11 ft, 1 in x 9 ft, 10 in
Dining Room Combined w/Living, Overlooks Backyard, 3 Pc Bath 11 ft, 1 in x 11 ft, 1 in
Upper Living Room Overlook Water, Hardwood Floor, W/O To Deck 17 ft, 2 in x 19 ft, 9 in
Dining Room Overlook Water, 2 Pc Bath, Large Window 16 ft, 6 in x 16 ft, 6 in
Kitchen W/O To Deck, French Doors, Pantry 17 ft, 2 in x 10 ft, 11 in
Primary Bedroom 4 Pc Ensuite, Closet, Overlook Water 21 ft, 7 in x 13 ft, 5 in
Bedroom 2 Overlooks Backyard, Laminate 12 ft x 11 ft, 6 in
Bedroom 3 Overlooks Backyard, Laminate, Closet 11 ft, 6 in x 8 ft, 11 in
Lower Living Room Combined w/Dining, Above Grade Window, 3 Pc Bath 24 ft, 10 in x 12 ft, 10 in

No property rooms available.

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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