895 Lake Drive, Georgina, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Sutton & Jackson's Point. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,800,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 286.95 x 324.66 ft lot size
- 50.0 total parking spaces available
Description
Prime 2.087-acre development site in the heart of Jacksons Point, just steps from the south shores of Lake Simcoe. Well-positioned parcel with dual road frontages, ideally suited for multi-residential development in a growing lakeside community. Draft plan approved for 24 townhomes, with potential to revise to approximately 18-24 duplex-style rental units, which may be eligible for CMHC MLI Select financing. Zoned residential with water and sewer at the lot line. Extensive due diligence completed, including architectural, civil, environmental, traffic, and survey work, helping fast-track development. Walkable location close to shops, restaurants, transit, and the lake. Approximately 20 minutes to Hwy 404 and under one hour to Toronto. An excellent opportunity for developers and investors seeking long-term growth in Jackson's Point.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 895 Lake Drive E, Georgina, ON L0E 1L0
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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 $4,800,000 in Georgina, the legal minimum down payment is $960,000 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 $106,475 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 $106,475.
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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.