$3.90M · 4+5 bed Detached · Historic Lakeshore Communities, Georgina

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About this home

Welcome to 724 Lake Dr. N., a rare Lake Simcoe waterfront estate circa 1924, set on a private 1.1-acre lot with 134 ft. of sandy shoreline. Surrounded by cedar hedges, mature trees, perennial gardens, and rolling lawns, this exceptional property offers stunning sunsets, a permanent 150-ft. dock, stone break wall, sandy lakebed, and ownership of a 1-acre water lot extending 330 ft. offshore. The grand entry has plenty of parking and features a stone wall and flagstone patio. Ideal for multigener…

Property details

MLS#

N13116668

Status

Buy Now

Beds

4+5

Baths

5 full, 0 half

Size

3500-5000

Style

2-Storey

Type

Detached

Year built

—

Roof: Asphalt Shingle
Foundation: Unknown
Other structures: Shed, Bank Barn, Other
Property features: Clear View, Lake/Pond, Place Of Worship, Public Transit, Waterfront

Fireplaces: 1
Fireplace features: Fireplace Insert, Wood

View: Forest, Lake, Panoramic, Trees/Woods, Water

Waterfront: Yes
Water view: Direct,Unobstructive
Water body: Lake Simcoe
Water frontage: 40.84 ft
Shoreline: Clean, Sandy
Waterfront features: Beach Front, Dock, Stairs to Waterfront

Garage: None
Garage spaces: 0
Parking: 20 total
Lot: 134 × 365
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Pool: No
Exterior: Stucco (Plaster)
Fronting on: North
Cross street: Metro Rd. N. & Varney Rd.
Basement: Crawl Space
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free, In-Law Capability, In-Law Suite, Water Heater Owned
Parking features: Private

Rooms

Level	Room	Dimensions
Main	Living Room	6.02m × 6.17m
Main	Dining Room	3m × 5.87m
Main	Kitchen	4.75m × 5.11m
Main	Sunroom	3.02m × 6.25m
Main	Den	3m × 4m
Main	Utility Room	2.31m × 3.35m
Second	Primary Bedroom	4.67m × 5.54m
Second	Bedroom 2	3.48m × 4.01m
Second	Bedroom 3	3.05m × 5.41m
Second	Bedroom 4	3.81m × 4.14m
Main	Bedroom	4m × 5.7m
Main	Bedroom	3m × 3.81m
Main	Great Room	6.4m × 6.4m
Main	Bedroom	2.97m × 3.43m
Second	Bedroom	2.67m × 3.48m
Second	Bedroom	3.22m × 3.4m
Second	Sitting	2.16m × 3.4m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $3,900,000✓ $21,775 tax✓ Electric✓ 3500-5000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$28,099/mo

incl. closing costs (yr 1)

Annual total

$337,185

year 1

Mortgage only

$14,795/mo

principal + interest

Beyond mortgage

$5,847/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$780,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,815/mo

Utilities

Hydro / electricity$553/mo

≈ $0.13/ft² × ~4,250 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$39,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$83,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)53% $177,545/yr

Property taxes31% $105,750/yr

Utilities2% $8,190/yr

Insurance & security0% $1,600/yr

Maintenance12% $39,000/yr

Closing costs2% $5,100/yr

Mortgage is 53% of your true cost of ownership. The other 47% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$177,545	$14,795/mo
Government & taxes
Property tax	$21,775	$1,815/mo
Land transfer tax(closing)	$83,975	$6,998/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$6,630	$553/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$39,000	$3,250/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$337,185	$28,099/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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724 Lake Drive

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs