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."
For sale
C$1,688,888
55 Lake Dr N, Georgina, ON L4P 1A5
4beds
4baths
Single Family Residence
Built in ----
0.34 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 98 days
- on Zillow |
- 46 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 08:34am
Listed by:
CENTURY 21 LEADING EDGE REALTY INC.
Source: TRREB,MLS®#: N12116136
Originating MLS®#: Toronto Regional Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Built-In Oven, Countertop Range, Water Heater Owned
Features
- Central Vacuum, Floor Drain, In-Law Suite, Primary Bedroom - Main Floor, Upgraded Insulation, Water Meter
- Flooring: Accessory Apartment, Carpet Free
- Basement: Apartment,Crawl Space
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room, Insert
Interior area
- Living area range: 2000-2500 null
Property
Parking
- Total spaces: 11
- Parking features: Available, Front Yard Parking, Private, Covered, Private Double, Garage Door Opener
- Has garage: Yes
Accessibility
- Accessibility features: Fire Escape, Level Entrance, Multiple Entrances
Features
- Patio & porch: Deck, Patio
- Exterior features: Year Round Living, Public Dock
- Pool features: None
- Has view: Yes
- View description: Beach, Water
- Has water view: Yes
- Water view: Beach,Water,Direct
- Waterfront features: Boat Launch, Waterfront-Deeded Access, Waterfront-Road Between, Indirect, WaterfrontCommunity, Lake
- Body of water: Lake Simcoe
Lot
- Size: 0.34 Acres
- Features: Beach, Clear View, Electric Car Charger, Lake Access, Waterfront, Irregular Lot
- Topography: Flat
Details
- Additional structures: Drive Shed, Fence - Full, Workshop
- Parcel number: 034880015
- Other equipment: Sump Pump, Ventilation System
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Stone
- Foundation: Concrete Block
- Roof: Metal
Utilities & green energy
- Sewer: Sewer
- Utilities for property: Cable Available, Cell Services, Electricity Connected, Garbage Pickup, Natural Gas, Recycling Pickup, Street Lights, Phone Available, Transit Services
Community & HOA
Community
- Security: Monitored, Carbon Monoxide Detector(s), Security System, Smoke Detector(s), Security Gate
Location
- Region: Georgina
Financial & listing details
- Tax assessed value: C$626
- Annual tax amount: C$7,648
- Date on market: 5/1/2025
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