Welcome to lakeside living by beautiful Lake Simcoe! Situated directly across the street from the lake on an impressive 50 x 271 ft lot, this unique property offers over 3,300 sq. ft. of total living space and is currently fully rented, with both the upper residence and basement suite tenanted, making it an excellent opportunity for investors or future end users.The spacious upper residence features large windows with views toward the lake and expansive backyard, vaulted ceilings in the open-concept living and kitchen area, custom finishes throughout, and an impressive primary bedroom retreat complete with reading and TV areas and a custom 4-piece spa-inspired ensuite. The upper-level deck provides a peaceful setting to enjoy the surrounding lake views.The fully finished 1-bedroom basement suite features an upgraded ensuite bathroom, walk-in closet, separate laundry and private side entrance, providing a functional and self-contained additional living space.The oversized backyard offers a patio, deck, expansive lawn and fire pit, while Lake Simcoe is easily accessible via a permanent dock approximately 500 metres from the property for swimming, fishing and water sports.Conveniently located close to marinas, shops, schools, hiking trails, beaches and major transportation routes. A rare opportunity to own a fully tenanted property near Lake Simcoe, offering immediate rental income and excellent future flexibility.
Address
1031 Lake Drive N
List Price
$1,229,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Georgina
Sub-Area
Historic Lakeshore Communities
Region
York
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
9
Rooms Below Grade
3
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Depth
271
Lot Size Units
Feet
Lot Width
50
Parcel Number
034971064
Occupant Type
Owner
Cross Street
Lake Dr N/Woodbine Ave
Approx. Age
6 - 15 Years
MLS® Number
N13240790
Listing Brokerage
NEW ERA REAL ESTATE
Basement Area
Apartment, Finished
Postal Code
L4P 3E9
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
8
Parking Spaces
6
Tax Amount
$7,420.00
Tax Year
2025
Site Influences
Golf, Lake Access, Public Transit, School Bus Route
Interior Features
Central Vacuum
Property Features
Golf, Lake Access, Public Transit, School Bus Route
Central Vacuum
Yes
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
Yes
Foundation Details
Unknown
Garage
Yes
Garage Type
Attached
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Unknown
Tax Legal Description
PT LT 8 PL 124 NORTH GWILLIMBURY; PT LT 29 CON 3 NORTH GWILLIMBURY PT 4 &10 65R30412; S/T R754342; GEORGINA
View Type
Lake
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Family Room | 4.96 x 4.34 | Combined w/Sunroom, Fireplace, Hardwood Floor |
| Main | Living Room | 5.13 x 3.03 | Hardwood Floor |
| Main | Dining Room | 4.96 x 4.34 | Hardwood Floor, Window |
| Main | Kitchen | 8.46 x 5.53 | Hardwood Floor, W/O To Patio |
| Second | Primary Bedroom | 8.63 x 7.67 | 4 Pc Ensuite, Hardwood Floor, W/O To Balcony |
| Second | Bedroom 2 | 4.95 x 2.98 | B/I Closet, Hardwood Floor |
| Second | Bedroom 3 | 4.18 x 4.07 | B/I Closet, Hardwood Floor |
| Basement | Kitchen | 1.99 x 2.96 | B/I Appliances |
| Basement | Family Room | 5.48 x 2.65 | |
| Basement | Bedroom 4 | 2.64 x 6.61 | 3 Pc Ensuite |