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New2 days ago

678 Lake Drive E

Historic Lakeshore Communities, Georgina

$5,499,000

Detached|2-Storey
6 | 8 | 20
About this home

Three Lots. Three Cottages. One Waterfront Estate. Three Separate Lots Come Together To Form Sunset Shores, A Family Retreat Set On Approximately 1.7 Acres Of Direct Lake Simcoe Waterfront. With Three Distinct Residences And Spectacular Sunset Views Across The Lake, This Multi-Generational Estate Offers Space To Gather While Preserving Privacy For Family And Guests. Lush Perennial Gardens, Mature Trees And Expansive Lawns Create A Private, Park-Like Setting With Room To Explore, Entertain And Enjoy Time Together. Each Residence Has Its Own Character. The Landing Is A 5-Bedroom, 3-Bath Bungalow With A Newer Roof, Gas Furnace And Central Air. Shorehouse Is A Two-Storey Lakefront Residence With 6 Bedrooms, 3 Baths, A Main-Floor Bedroom, Stunning Lake Views From Many Rooms And A Distinctive Sunken Living Room Centred Around A Beautiful Stone Fireplace. Overlooking The Beach, Driftwood Is A Charming 3-Bedroom, 2-Bath Bungalow With Lake Views And Comfortable Space For Family Or Guests. Exterior Hydro And A Water Line At Driftwood Offer Potential For An Outdoor Hot Tub, Sauna And/Or Bunkie, Subject To Applicable Approvals. Days On The Water Begin At Sunset Slip, The Wet-Slip Boathouse, Or One Of Your Own Permanent Docks. Existing Footings For A Second Boathouse Offer Potential For Restoration Or Rebuilding, Subject To Applicable Approvals. Crystal-Clear Water And A Gradual Entry Invite Children And Grandchildren To Swim, While Deeper Water Beyond Accommodates Boating. Cruise To Friday Harbour For Lunch Or Coffee, Explore Lake Simcoe Or Venture Through The Trent-Severn Waterway. Back On Shore, Sunset Court Offers The Opportunity To Restore A Sports Court For Added Recreation. Serviced By Municipal Water And Sewer And Located Just Over An Hour From Toronto, Sunset Shores Offers The Space And Setting To Make Family Summers A Lasting Tradition, With Every Evening Framed By Sunsets Across The Lake.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$30,288
Lot Size146.8 ft x 473.11 ft
mls© NumberN14030396
Listed ByLPT REALTY

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$28,146
Property tax
$2,524
Heat allowance
$150
Housing costs
$30,820 / mo

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

Down payment20% · $1,099,800
25-yr amortization

Income needed

$948,000

gross annual household income

Payment at 4%
$23,141 / mo
Cash down
$1,099,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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