Waterfront Bungalow with Dock, Gazebo, and 10 Parking Spots

Property details for 427 Lake Drive E, Georgina

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 42 x 132 FT
Stories: 1
Basement: Crawl space
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stone, Stucco
Ownership: Freehold
Annual Taxes: $7,241

Living on Lake Drive East means you're right on the water, and this bungalow sits on a 42 by 132 foot irregular lot with direct waterfront access. The detached garage doubles as a workshop with a 10-foot high door, and there's parking for 10 total, which is rare for lakefront. Inside, you get three bedrooms and two bathrooms all on one level, hardwood and vinyl floors throughout, and a kitchen with a massive centre island plus floor-to-ceiling windows in the dining area. Foundation is stone and block, and the exterior is stone and stucco. Step outside to a dock with a gazebo, bar, and sitting area, plus a spacious front yard. Willow Beach Park and playground is a 5-minute walk. Sibbald Point Provincial Park is 7.8 km away. Sutton District High School is 4.7 km. The home has forced air natural gas heating, central air, municipal water, and sanitary sewer. It's listed at $1,169,800 with annual taxes around $7,240. If you want a no-carpet, one-level lakefront place with serious outdoor entertaining space and room for all the cars, this is worth a look.

About 427 Lake Drive E, Georgina — Property Score

Score: 59/100

Value

Priced 32.9% above area median of $879,900 based on 160 comparable properties nearby 21

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - 1 fewer than similarly priced properties nearby 48

5,544 sqft lot - a standard lot for the area 65

Location

$83K median household income - above the Canadian average of $70K 71

77% of residents hold postsecondary credentials - a highly educated neighbourhood 86

90% homeownership rate - indicating a stable, owner-occupied community 93

31% of residents commute under 30 minutes - longer average commute times 55

147/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 63 days on market 100

-15.2% median price change over 1 month - declining prices in the area 1

90.7 months of housing supply - 272 active listings with 3 sold last month (buyer's market) 40

Features

10-car garage - more than the area average of 7 spots 95

Crawl space basement 50

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Waterfront, View - premium features that add significant value 80

Investment

0.62% effective tax rate ($7,240/yr) - below the Canadian average of ~1% 81

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

44 photos provided - 16% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.