589 Lake Drive, Georgina, ON
Property no longer active
This property was sold on December 1, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Historic Lakeshore Communities. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $799,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 96.55 x 265.83 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: None
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Very spacious and inviting detached 3 bedroom home on a wonderful large treed lot! Features a large open concept living and dining room with a walkout from dining room to back yard plus generous sized kitchen adjacent to laundry room and bonus spacious main floor family room with fireplace and another walkout to back yard and patio! All this just a quick walk to the fabulous beaches of Lake Simcoe! Truly an amazing opportunity to live in a high demand neighbourhood and enjoy all the pleasures of Lake Simcoe in both summer and winter!
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Property Summary
This detached home located at 589 Lake Drive, Georgina is currently for sale and has been available on SousaSells for 645 days. This property is listed at $799,000 with an estimated mortgage of $2,660* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 589 Lake Drive, Georgina is in the Historic Lakeshore Communities neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake/Pond, Beach, Level, Park, School, School Bus Route
Interior Features
None
Security Features
Community Features
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 589 Lake Drive E, Georgina, ON L0E 1S0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Georgina, ON
For a property listed at $799,000 in Georgina, the legal minimum down payment is $54,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,455 for this transaction. As this listing is in Georgina (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.