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$2.15M · 4 bed Detached · Historic Lakeshore Communities, Georgina | MyPropertyScout

$2,150,000

228 Lake Drive

43Partial

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Waterfront

$2,150,000

DOM43days

228 Lake Drive

Georgina · Ontario L4P 3E9

MLS® N13121890 · Historic Lakeshore Communities · L4P 3E9

43Partial2000-2500 ft²Detached5-car Attached43d$956/ft²$10,621 tax/yr

43 days on market

About this home

Waterfront Living on Lake Simcoe | Fully Renovated 4-Bedroom Cottagewith Private Dock & Sauna Bright and airy waterfront cottage located in one of Lake Simcoe's most sought-after areas-just under an hour from Toronto and conveniently located at the end of Highway 404, offering easy and direct access fromthe city. Situated on one of the most premium lakes in Ontario, this property delivers an exceptional lifestyle and long-term value.This is one of the rare waterfront properties offering full mun…

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Property details

MLS#: N13121890
Status: Buy Now
Beds: 4
Baths: 3 full, 0 half
Size: 2000-2500
Style: 2-Storey
Type: Detached
Year built: —

Roof: Shingles
Foundation: Concrete

Waterfront: Yes
Water view: Direct
Water body: Lake Simcoe
Water frontage: 26 ft
Shoreline: Clean, Mixed, Natural
Waterfront features: Waterfront-Deeded, Winterized, Seawall, Dock

Garage: 5-car Attached
Garage spaces: 5
Parking: 5 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Exterior: Board & Batten
Fronting on: South
Cross street: Lake Drive E & Civic Centre Road
Basement: Crawl Space
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: Available, Front Yard Parking, Private, Private Double, Private Triple

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: REMAX YOUR COMMUNITY REALTY

Source: TRREB/PROPTX · MLS® N13121890

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$2.15M

228 Lake Drive · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,150,000✓ $10,621 tax✓ Gas✓ 2000-2500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$15,156/mo

incl. closing costs (yr 1)

Annual total

$181,873

year 1

Mortgage only

$8,156/mo

principal + interest

Beyond mortgage

$3,189/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$430,000

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

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$885/mo

Utilities

Hydro / electricity$158/mo

≈ $0.07/ft² × ~2,250 ft² · ON avg ~$158/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

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%$21,500/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$40,225

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)54% $97,877/yr

Property taxes28% $50,846/yr

Utilities3% $4,950/yr

Insurance & security1% $1,600/yr

Maintenance12% $21,500/yr

Closing costs3% $5,100/yr

Mortgage is 54% of your true cost of ownership. The other 46% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$97,877	$8,156/mo
Government & taxes
Property tax	$10,621	$885/mo
Land transfer tax(closing)	$40,225	$3,352/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,890	$158/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$21,500	$1,792/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	$181,873	$15,156/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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228 Lake Drive

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs