Listed by Century 21 Leading Edge Realty Inc..

55 Lake Drive N is a Detached, Sidesplit 3 and is currently for Sale @ $1,748,888. Taxes in 2024 were $7,648.85.

More homes for sale under 1.7M in Georgina

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. The Sidesplit 3 on 55 Lake Drive N has 3 bedrooms, 4 bathrooms, and is located on a 218.99 x 67.51 ft loton .50-1.99 acres in the community of Historic Lakeshore Communities . 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 ).

All Appliances / Stove, Fridges, Washer and Dryer and all lights Total of 3 Fridges , one with ice maker, one set of washer and dryer and dishwasher , Gas Stove ( upstairs). Main floor- Fridge , Gas stove, Basement- Fridge , counter top stove, Washer

The address 55 Lake Drive N was listed for sale (MLS# N11937067) on Thursday, January 23, 2025.