427 Lake Drive, Georgina, ON
Historic Lakeshore Communities, Georgina · MLS® N14096596
About this home
In short
- Imaging Living In A House On Scenic Stretch Of Lake Dr E With Pristine Waterfront Entertainment Area And Exceptional Lake Views.
- Add To These Features Waterfront Dock With Gazebo, Bar And Sitting Area, Large Open Front Yard And Garage/Workshop With 10 Ft High Garage Door.
- With Lack Of Parking In Lakefront Areas This Property Offers You 8 Parking Spots To Satisfy Your Family And Guests.
- Only 5 Min Walk To Willow Beach Park And Playground.
Imaging Living In A House On Scenic Stretch Of Lake Dr E With Pristine Waterfront Entertainment Area And Exceptional Lake Views. This Home Offers You One Level Living, Expansive Bright And Spacious Chef-Inspired Kitchen With Massive Centre Island, Floor To Ceiling Windows And Dining Area. Add To These Features Waterfront Dock With Gazebo, Bar And Sitting Area, Large Open Front Yard And Garage/Workshop With 10 Ft High Garage Door. With Lack Of Parking In Lakefront Areas This Property Offers You 8 Parking Spots To Satisfy Your Family And Guests. Only 5 Min Walk To Willow Beach Park And Playground. The Lot Is Irregular L-Shaped. View Attached Survey.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14096596
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 41.99 × 132 ft
- Cross streets
- Lake Dr E & Kennedy Rd
- Parking
- 2 garage · 10 parking (detached)
- Driveway
- Private Double
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Block, Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,241 / 2026
- Listing brokerage
- LPT REALTY
Rooms
closet · window · hardwood floor
closet · window · hardwood floor
large window · hardwood floor · ceiling fan(s)
large window · overlook water · hardwood floor
open concept · w/o to yard · vinyl floor
pot lights · centre island · vinyl floor
Listed at $1,099,999. Going by how homes in Historic Lakeshore Communities and the wider GTA have actually closed against their asking prices (about 96%, 15 local closings in 90 days), the likely sale price is near $1.06M, if it sells. A realistic range is $994K to $1.20M.
Independent value check: $946K. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $887K and $992K).
Why $946K. The typical detached home sold in Historic Lakeshore Communities over the past year went for about $780K (60 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $7,241 a year; the typical home sold here pays about $4,800.
Total price vs nearby homes. Likely closing about $1.06M, from 15 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 9 detached homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $846/sqft against an area asking average of $562/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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $962K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 15 comparable homes that sold in Historic Lakeshore Communities over the past two years, from 132 closings there.
Nothing 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 $946K, which is where my estimate comes from.
Per square foot, these ask about $570/sqft; this home lists at $846/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Georgina: $793K in September 2026, up 1% from a year ago, on 529 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Georgina as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $798K | 53 |
| November 2025 | $795K | 40 |
| December 2025 | $800K | 27 |
| January 2026 | $800K | 18 |
| February 2026 | $820K | 25 |
| March 2026 | $796K | 44 |
| April 2026 | $779K | 44 |
| May 2026 | $790K | 57 |
| June 2026 | $802K | 77 |
| July 2026 | $800K | 60 |
| August 2026 | $820K | 40 |
| September 2026 | $793K | 44 |
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 21, 2026); conventional rates run a little higher.
Mortgage amount $879,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,866
- Property tax
- $603
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,469
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,475
- Estimated closing costs
- $18,475
Plus your down payment of $220,000. 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
- $291,940
- Principal paid down
- $107,520
- Interest paid
- $184,420
- Balance remaining
- $772,480
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 34 whole-home leases in Historic Lakeshore Communities signed at a median of $2,461 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,787. 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 LPT REALTY. MLS®/PropTx.