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Listed 12 days ago

311 Lake Drive N

Historic Lakeshore Communities, Georgina

$995,000

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

Discover the potential of this indirect lakefront property in the quiet and historic Orchard Beach community on scenic Lake Drive. Whether you're looking to renovate the existing home or design and build a custom residence, this property offers an exceptional opportunity in one of North Keswick's most desirable waterfront neighbourhoods. Ideally situated just one hour from Toronto, you'll enjoy privacy, peaceful surroundings, and breathtaking lake views. Spectacular year-round sunsets provide a stunning backdrop, with every evening offering a different picture. The value is primarily in the land which backs on to a large open lot, with the added bonus of a newer full-height 8-foot poured concrete basement, providing an excellent foundation for your future plans. Embrace the active lakeside lifestyle with Orchard Beach Golf Course, The Beach Restaurant, and over 200 acres of nearby hiking trails all within walking distance. Whether you're seeking the serenity of waterfront living or endless outdoor recreation, this property offers the perfect balance of both.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$4,360
Lot Size50 ft x 130 ft
mls© NumberN13603244
Listed ByRE/MAX HALLMARK YORK GROUP REALTY LTD.

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%
$5,093
Property tax
$363
Heat allowance
$150
Housing costs
$5,606 / mo

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

Down payment20% · $199,000
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$4,187 / mo
Cash down
$199,000

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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