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Listed 11 days ago

525 Lake Drive E

Historic Lakeshore Communities, Georgina

$1,299,900

Detached|Bungalow
2 | 1 | 6
About this home

Situated on the shores of Lake Simcoe in sought-after Willow Beach, this lovely indirect lakefront property is less than an hour from Toronto and offers a relaxed lakeside lifestyle, panoramic views and spectacular sunsets. Set on a beautiful private lot surrounded by cedar hedges, enjoy a gorgeous tiered lakeside setting with a private sandy beach and breakwall. The charming, mostly renovated 2-bedroom bungalow rests on a solid concrete pad, blending classic cottage character with thoughtful modern updates. Its bright, open-concept design features vaulted tongue-and-groove ceilings, a cozy gas fireplace and a walkout to a welcoming sunroom and spacious front deck overlooking the lake. The stylish, functional renovated kitchen boasts quartz countertops, a farmhouse sink, ceramic backsplash, pot lights and oversized barn doors for added privacy. Two cozy cottage-style bedrooms await your finishing touches, while the renovated 3-piece bath enhances the home's move-in appeal. A walkout leads to the fully fenced backyard and an impressive 24' x 20' detached double garage. Whether a year-round home, weekend retreat or peaceful city escape, this property puts boating, fishing, swimming and year-round recreation at your doorstep. A special opportunity to embrace the beauty and tranquility of Willow Beach!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,515
Lot Size51.83 ft x 191.04 ft
mls© NumberN13820198
Listed ByRE/MAX HALLMARK YORK GROUP REALTY LTD.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$6,653
Property tax
$460
Heat allowance
$150
Housing costs
$7,263 / mo

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

Down payment20% · $259,980
25-yr amortization

Income needed

$223,000

gross annual household income

Payment at 4%
$5,470 / mo
Cash down
$259,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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