FOR SALE
$1,750,000
523 Lake Dr E, Georgina
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
523 Lake Dr E
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
9 + 2
ROOMS
N10423219
MLSID
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Property Description
The Perfect Renovated Waterfront Detached Bungalow * Enjoy Over 3000 Sqft of Total Living Space * Gated Private Access To Breathtaking Views of Lake Simcoe W/ Seasonal Dock * Huge Potential Income of $8,000/Month Through Airbnb * Premium Lot W/ 215 Ft of Depth W/ No Sidewalk * Fully Private Front yard Surrounded W/ Lush Hedges & Gardens * Elegant Cedar Shake Exterior W/ Durable Steel Roof Installed in 2015 * Beautifully Renovated Living Room Perfect For Entertainments W/ Tastefully Designed Architectural High Ceiling & Recessed Lighting W/ Oversized Windows Overlooking Lake Simcoe & Direct Access To The Deck * Open Concept Family Room W/ Gas Fireplace Perfect For Gatherings * Spacious Chef's Kitchen W/ Built-In Dining Area With a Charming Double Sided Aquarium * 4 Spacious Bedrooms W/ Ample Closet Space * Direct Access To The Detached Insulated Double Door Garage From Inside * A Fully Equipped In-law Suite W/ Private Terrace & New 6 Seater Hot Tub, It's Truly a Gem, DONT MISS, MUST SEE!!!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-31 2024-11-13 13 $1,399,900 - Terminated
2024-07-08 2024-11-01 116 $3,000 - Terminated
2024-08-13 2024-10-17 65 $1,950,000 - Terminated
2024-07-26 2024-08-13 18 $1,799,000 - Terminated
2023-03-01 2023-04-26 55 $1,699,000 $1,650,000 Sold
2022-10-03 2022-11-14 42 $1,899,000 - Suspended
2022-09-02 2022-10-03 31 $1,998,000 - Terminated
Extras
Rare Water front Detached Bungalow * Enjoy 3,000 SqFt Of Total Living * Upgraded SS Appliances * New 6 Seater Hot Tub * Perfect Opportunity for Both Families & Investors * Fully Insulated Crawl Space On Slab & 4 Blocks.
Nearby Intersections
Property Features
Clear View, Lake Access, Park, Waterfront, Wooded/Treed
Property Details
Street
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2500-3000
Lot Size
47' x 226'
Lot Irregularities
225.91 ft x 47.18ft x 215.46ft x 46.01ft
Fronting
East
Taxes
$6,098 (2024)
Basement
Crawl Space
Exterior
Shingle, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Available
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
FamilyMain16.40' x 16.40'Hardwood Floor, Pot Lights, Fireplace
LivingMain20.34' x 21.00'Hardwood Floor, Recessed Lights, Overlook Water
DiningMain8.53' x 13.12'O/Looks Frontyard, Open Concept, Pot Lights
KitchenMain9.84' x 16.40'Stainless Steel Appl, Pantry, Backsplash
MudroomMain4.59' x 14.44'O/Looks Frontyard, Moulded Ceiling, W/O To Garage
Prim BdrmMain11.48' x 22.97'Closet, Large Window, Pot Lights
2nd BrMain11.48' x 11.48'Closet, Large Window, Moulded Ceiling
3rd BrMain9.84' x 11.48'Closet, Large Window, Moulded Ceiling
LoftMain13.12' x 18.04'Closet, Large Window, Moulded Ceiling
KitchenMain8.20' x 14.76'Open Concept
LaundryMain8.20' x 8.20'Closet
Georgina Market Statistics
Georgina Price Trend
523 Lake Dr E is a 3-bedroom 3-bathroom home listed for sale at $1,750,000, which is $995,467 (131.9%) higher than the average sold price of $754,533 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom home in Georgina declined by $154,109 (17.0%) compared to the previous 30 day period (September 22 - October 21) and down $50,119 (6.2%) from the same time one year ago.
Inventory Change
There were 47 3-bedroom homes listed in Georgina over the last 30 days (October 22 - November 20), which is down 36.5% compared with the previous 30 day period (September 22 - October 21) and down 19.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Georgina typically sold ($19,986) (2.6%) below asking price over the last 30 days (October 22 - November 20), which represents a $9,622 increase compared to the previous 30 day period (September 22 - October 21) and ($26,781) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Georgina over the last 30 days (October 22 - November 20) stood at 63.8%, up from 47.3% over the previous 30 days (September 22 - October 21) and up from 25.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Georgina stood at 25 days when successfully sold over the last 30 days (October 22 - November 20), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Eagle Realty Inc.
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