127 Lake Drive, Georgina, ON
Historic Lakeshore Communities, Georgina · MLS® N13659720
About this home
Incredible Opportunity To Own Deeded Indirect Waterfront On Prestigious Lake Dr, Enjoy Spectacular Westerly Sunsets Over Lake Simcoe With Exclusive Use Of Your Private Waterfront &Dock. Lake Simcoe Is Renowned For World-Class Fishing, Boating, Ice Fishing & Year-Round Recreation. Lovingly Maintained Home Reflects True Pride Of Ownership & Offers Cozy Cottage Charm. Walk Out To An Oversized Wrap Around Deck Overlooking The Water. Large Windows Fill The Home With Natural Light & Stunning Lake Views. Gorgeous 4 Bed, 4 Bath, 2 Storey Home Featuring An Updated Kitchen With New Countertops, Spacious Primary Bedroom With Clear Lake Views, Plus A 4th Bedroom With Beautiful Water Views. Finished Walkout Basement Includes Wet Bar, Sauna &Gas Fireplace. Waterfront Features A Two Level Deck & Studio. Enjoy Full Municipal Services, Parks, Marinas, Golf Courses, Shopping & Just 15 Minutes To Hwy 404. Meticulously Maintained &Move In Ready. Don't Miss This Rare Opportunity To Own Your Own Piece Of Paradise On Lake Simcoe! EXTRAS Stove, Dishwasher, Hood Fan, Basement Washer & Dryer, ELFs
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13659720
- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 2000-2500
- Lot
- 50 × 226.41 ft
- Cross streets
- Lake D rN/Old Homestead Rd
- Parking
- 2 garage · 12 parking (detached)
- Driveway
- Available, Front Yard Parking, Inside Entry, Private
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,989 / 2026
- Days on market
- 1
- Listing brokerage
- KW Living Realty
Rooms
open concept · overlook water · window
overlook water · double closet · w/o to balcony
w/o to balcony · closet · window
hardwood floor · overlook water · gas fireplace
combined w/living · broadloom
open concept · stainless steel appl · window
broadloom · closet · window
open concept · closet · window
hardwood floor · closet · window
open concept · w/o to yard
ensuite bath · closet · window
Listed at $1,569,900, and my independent estimate is about 18% above what comparable homes suggest.
In Historic Lakeshore Communities lately, sellers get about 97% of asking; homes sell in ~35 days · prices down 10% YoY.
Total price vs nearby homes. Fair value about $1.33M, median of 7 comparables.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 7 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.67M, higher than the comparables and worth a second look.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
Schools & getting aroundcatchment and transit
On location, this is a more car-dependent spot, so buyers here typically drive. Metro Road / First Avenue is about a 5-minute walk away. Worth weighing if transit access matters to you.
Based on 7 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 24% above the area average of $563/sqft.
7 days faster than the Georgina average (8 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Historic Lakeshore Communities, Georgina, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from OpenStreetMap contributors.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Metro Road / First Avenue, about 395 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Georgina.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.04% via Ratehub.ca (as of August 12, 2026); conventional rates run a little higher.
Mortgage amount $1,255,920 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,736
- Property tax
- $666
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,402
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,873
- Estimated closing costs
- $27,873
Plus your down payment of $313,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $404,183
- Principal paid down
- $159,003
- Interest paid
- $245,181
- Balance remaining
- $1,096,917
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KW Living Realty. MLS®/PropTx.