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Listed 2 months ago

1002 Lake Drive E

Sutton & Jackson's Point, Georgina

$549,900

Detached|1 1/2 Storey
3 | 1 | 2
About this home

This is more than a home - it's a decision. A move. An opportunity that doesn't come twice. Steps from the shimmering shores of Lake Simcoe, tucked into one of Ontario's most charming lakeside communities, this 3-bed, 1-bath 1-1/2 story property is the kind of find that makes smart buyers stop scrolling. Live here. Rent it. Build it. The choice is yours. A long-term tenant is already in place - so from day one, this asset is working for you. First-time buyer ready to plant roots? Move in and make it your own. Seasoned investor? Collect rent in a high-demand lakeside market. Contractor with vision? A generous 61x147 lot, solid poured concrete pad, crawl space, block foundation, and a workshop out back give you everything you need to elevate and capitalize. Walk to the marina. Stroll to the Ramada Resort, Tee time at the Briars Golf Course, and the shops that make Jacksons Point a year-round destination. Municipally serviced. Solid bones. Real upside. In real estate, timing is everything - and the time is now. This isn't just a property. It's your next great move.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,121
Lot Size61.57 ft x 147.47 ft
mls© NumberN13238228
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,815
Property tax
$260
Heat allowance
$150
Housing costs
$3,225 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $109,980
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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