523 Lake Dr E
Historic Lakeshore Communities, Georgina, L0E 1S0
FOR SALE
$1,750,000
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3 + 1
BEDROOMS3
BATHROOMS1 + 1
KITCHENS9 + 2
ROOMSN10423219
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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!!!
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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
Kennedy & Metro (10)
Property Features
Clear View, Lake Access, Park, Waterfront, Wooded/Treed
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Property Details
Street
Community
City
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 16.40' x 16.40' | Hardwood Floor, Pot Lights, Fireplace |
Living | Main | 20.34' x 21.00' | Hardwood Floor, Recessed Lights, Overlook Water |
Dining | Main | 8.53' x 13.12' | O/Looks Frontyard, Open Concept, Pot Lights |
Kitchen | Main | 9.84' x 16.40' | Stainless Steel Appl, Pantry, Backsplash |
Mudroom | Main | 4.59' x 14.44' | O/Looks Frontyard, Moulded Ceiling, W/O To Garage |
Prim Bdrm | Main | 11.48' x 22.97' | Closet, Large Window, Pot Lights |
2nd Br | Main | 11.48' x 11.48' | Closet, Large Window, Moulded Ceiling |
3rd Br | Main | 9.84' x 11.48' | Closet, Large Window, Moulded Ceiling |
Loft | Main | 13.12' x 18.04' | Closet, Large Window, Moulded Ceiling |
Kitchen | Main | 8.20' x 14.76' | Open Concept |
Laundry | Main | 8.20' x 8.20' | Closet |
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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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