55 Lake DR N Active Save Request In-Person Tour Request Virtual Tour
Georgina,ON L4P 1A5
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Historic Lakeshore Communities
MLS Listing ID N11937067
Style Sidesplit 3
Bedrooms 3
Annual Tax Amount $7,648
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Detached
Property 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." **EXTRAS** UPPER & BASEMENT UNITS, Already ( TENANTED ).
Location
Province ON
County York
Community Historic Lakeshore Communities
Area York
Rooms
Family Room Yes
Kitchen 2
Interior
Cooling Central Air
Fireplaces Type Family Room,Living Room
Exterior
Exterior Feature Deck,Patio,Security Gate,Year Round Living
Parking Features Available,Front Yard Parking,Private
Garage Spaces 3.0
Pool None
Waterfront Description Indirect
View Beach,Water
Roof Type Metal
Building
Foundation Concrete Block