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New5 days ago

956 Lake Drive E

Sutton & Jackson's Point, Georgina

$899,000

Detached|1 1/2 Storey
3 | 3 | 4
About this home

A Truly Unique Live-Work Opportunity In The Heart Of Jackson's Point! Please Do Check the Photos for Zoning!! Offering Approx. 3,962 Sq.Ft. On An Impressive 66-Ft Frontage Lot, This Versatile Mixed-Use Property Opens The Door To Endless Possibilities For Families, Entrepreneurs & Investors Alike. Featuring Two Street-Front Commercial Units Plus A Separate Residential Rental Unit At The Rear, The Flexible Layout Offers Outstanding Potential For Multi-Generational Living, In-Law Accommodation, Home-Based Business, Or The Ultimate Opportunity To Own Your Shop And Live On Site! The Spacious Two-Level Front Unit Provides Exceptional Flexibility To Create Additional Living/Working Space, While The Separate Rear Residential Unit Offers Added Privacy Or Rental Income Potential. C1-1 Zoning Permits A Wide Range Of Commercial Uses Including Retail, Office, Restaurant & More, Together With Permitted Residential Use, Offering Incredible Flexibility For Today's Lifestyle And Tomorrow's Vision. Prime Location In A High-Traffic, Tourist-Driven Waterfront Community, Just Steps To Lake Simcoe, Marina, Parks & Local Amenities. Live, Work, Rent & Invest - All Under One Roof! A Rare Opportunity Perfect For Extended Families, Entrepreneurs, Owner-Operators Or Investors Looking For Multiple Income Streams And Long-Term Potential.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$7,814
Lot Size66 ft x 100 ft
mls© NumberN13718986
Listed ByJDL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,601
Property tax
$651
Heat allowance
$150
Housing costs
$5,403 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $179,800
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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