525 Lake Drive, Georgina, ON
Historic Lakeshore Communities, Georgina · MLS® N13820198
About this home
In short
- 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...
- 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...
- 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.
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!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13820198
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 51.83 × 191.04 ft
- Cross streets
- Lake Dr E & Montsell Ave
- Parking
- 2 garage · 6 parking (detached)
- Driveway
- Private
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,515 / 2026
- Days on market
- 2
- Listing brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Rooms
vinyl floor · vaulted ceiling(s) · open stairs
vinyl floor · w/o to deck · overlook water
laminate · closet · overlook water
quartz counter · pot lights · overlook water
laminate · closet
vaulted ceiling(s) · w/o to sunroom · overlook water
Listed at $1,299,900. Going by how homes in Historic Lakeshore Communities and the wider GTA have actually closed against their asking prices (about 96%, 18 local closings in 90 days), the likely sale price is near $1.25M, if it sells. A realistic range is $1.17M to $1.41M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $1.25M, from 18 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 7 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,444/sqft against an area asking average of $571/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $751K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Sutton District HS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 18 comparable homes that sold in Historic Lakeshore Communities over the past two years, from 133 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $613K, which is where my estimate comes from.
Per square foot, these ask about $567/sqft; this home lists at $1,444/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & 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.
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) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 25, 2026); conventional rates run a little higher.
Mortgage amount $1,039,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,750
- Property tax
- $460
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,209
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,473
- Estimated closing costs
- $22,473
Plus your down payment of $259,980. 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
- $344,994
- Principal paid down
- $127,059
- Interest paid
- $217,935
- Balance remaining
- $912,861
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 27 whole-home leases in Historic Lakeshore Communities signed at a median of $2,289 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,125. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK YORK GROUP REALTY LTD.. MLS®/PropTx.