$1,748,888
FOR SALE

Detached Sidesplit

Bedrooms: 3+1Bathrooms: 4Lot: 67.5 x 219 ft

55 Lake Drive N
Georgina (Historic Lakeshore Communities), ON L4P 1A5

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 ). (id:47421)
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Listed By CENTURY 21 LEADING EDGE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N11937067
Last Updated Feb 27, 2025
Property Summary
Property Type Detached

More like this:
Community Historic Lakeshore Communities
Price History

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Detailed Information
Bedrooms 3+1
Bathrooms 4
Lot 67.5 x 219 ft
Amenities Nearby Beach, Marina
Equipment None
Property Easement Unknown
Features Cul-de-sac, Irregular lot size, Flat site, Carpet Free, Sump Pump, In-Law Suite
Listing Contract Date 2025-01-23
Location Description Nida Dr and Lake Dr N
Ownership Type Freehold
# of Parking Spaces 11
Property Type Single Family
Rental Equipment None
Structures Deck, Patio(s), Drive Shed
Transaction Type For sale
Views View, View of water, Direct Water View
Waterfront Type Waterfront
Building
Amenities Fireplace(s)
Appliances Garage door opener remote(s), Oven - Built-In, Central Vacuum, Range, Water Heater, Water meter, Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Development Finished
Basement Features Separate entrance
Basement Type N/A (Finished)
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
Flooring Type Hardwood, Laminate
Foundation Type Block
# of Half Bathrooms 1
Heating Fuel Natural gas
Heating Type Forced air
Type House
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
Living roomLower level7.58 m x 3.92 m
Bedroom 4Main level3.01 m x 3.09 m
Living roomMain level3.38 m x 2.99 m
Dining roomMain level3.38 m x 3.37 m
Living roomUpper Level5.22 m x 6.02 m
Dining roomUpper Level5.02 m x 5.02 m
KitchenUpper Level5.23 m x 3.34 m
Primary BedroomUpper Level6.59 m x 4.1 m
Bedroom 2Upper Level3.66 m x 3.51 m
Bedroom 3Upper Level3.51 m x 2.73 m
Parking Spaces
Name Spaces
Detached Garage
Utilities
Type Description
CableInstalled
WirelessAvailable
Electricity ConnectedConnected
Water AvailableAt Lot Line
Natural Gas AvailableAvailable
TelephoneNearby
SewerInstalled
Land
Total Size 67.5 x 219 FT | 1/2 - 1.99 acres
Access Type Public Road, Year-round access, Private Docking
Amenities Beach, Marina
Fence Type Fenced yard
Sewer Sanitary sewer
Size of Irregular Land 67.5 x 219 FT

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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