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$1,688,888Asking Price

55 Lake Drive, Georgina, ON L4P 1A5

Historic Lakeshore Communities, Georgina

Detached
3 + 1
Bedrooms
4
Baths
11
Parking
Days on Market

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."

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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."

Key Info

  • Sidesplit Detached
  • 8-Car Driveway
  • 3-Car Detached Garage
  • Nida Dr and Lake Dr N
  • 2000-2500 Approximate Sq Feet
  • 51-99 Years Approximate Age
  • Basement: Apartment, Crawl Space
  • 2 Kitchens
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 67.51 x 218.99 Feet
  • .50-1.99 Acreage
  • Aluminum Siding/Stone Exterior
  • Indirect Waterfront Access
  • Taxes were $7,648 in 2025

Details

  • Fireplace
  • Family Room
  • Central Vacuum
  • Sewers
  • Municipal Water
  •  
  • MLS #N12116136
  • CENTURY 21 LEADING EDGE REALTY INC.

Extras

Room Floor Dimensions Details
1 Kitchen Upper 17.16' x 10.96' Walkout To Deck, Overlook Water
2 Kitchen Main 9.88' x 10.40' Overlooks Dining, Walkout
3 Bathroom Main
Washroom1 4-Piece Bathroom on Upper
Washroom1 2-Piece Bathroom on Upper
Washroom1 3-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom

Who lives here?

Historic Lakeshore Communities, Georgina is a north GTA neighbourhood notable for its executives and salespeople. It has a higher than average population of immigrants. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 45 to 64 and seniors aged 65 to 74.

Families

Kids Per Family

1.0

kids per family
in the neighbourhood.

Georgina  (1.1)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

39% of residents are
single and loving it.

39% singles

Georgina (42%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

12% of residents
are renters.

12% renters

Georgina (16%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

16% of residents are
university grads.

16% university grads

Georgina (16%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$115K

is the average household
income in the neighbourhood.

Georgina  ($108K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 15%
Trades 11%
Management 9%
Business 8%
Government 7%

Immigrants

15% of residents were
born outside of Canada.

15% immigrants

Georgina (14%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

UK was once home to 3.3% of immigrants.
Italy 1.1%
USA 0.7%
Germany 0.7%
Iran 0.7%

3.3% from UK
All-time

Birthplace - Recent

USA was once home to 0.4% of immigrants.
Other South America 0.4%
UK 0.3%
Iran 0.2%
Germany 0.1%

0.4% from USA
Recent

Foreign Languages

Foreign Languages

Italian 2%
German 1%
Russian 1%
French 1%
Portuguese 1%

Religions

Religions

Christian 64%
Muslim 1%
Jewish 1%