$925,000
Est. payment $4,096/moCalculate yours
948 Lake Drive E, Georgina, ON L0E 1L0
Sutton & Jackson's Point, Georgina, ON L0E 1L0
- 7 Beds
- 4 Baths
- 3,000 Sq Ft
Listing courtesy of RE/MAX HALLMARK YORK GROUP REALTY LTD. MLS® N13571762
About this home
Welcome to this rare income-generating fourplex, ideally located in the heart of Jacksons Point just steps from Lake Simcoe, beaches, parks, shops, and restaurants. This well-maintained property features four self-contained units, each offering comfortable layouts and strong rental appeal.Whether you’re an investor looking for steady cash flow or a buyer seeking a multi-generational living opportunity, this property delivers flexibility and long-term value. Three of the suites feature two spacious bedrooms and one full bathroom, while the fourth suite offers a cozy one-bedroom layout, also with a full bathroom. Each unit is self-contained and separately metered, giving tenants independence and reducing management complexity for the owner. With its versatile unit mix, this property appeals to a wide range of tenants, from professionals and couples to small families. Investors will appreciate the steady rental demand in Jacksons Point, a community known for its blend of small-town charm and recreational lifestyle, while residents enjoy easy access to parks, beaches, marinas, and year-round outdoor activities.Tenants enjoy the convenience of on-site parking, private entrances, and easy access to local amenities, while owners benefit from consistent rental income in a highly desirable lakeside community. With Jacksons Point continuing to grow as a sought-after destination for year-round living and recreation, this fourplex is a prime opportunity to secure a strong-performing asset in a thriving market.4 fridges, 4 stoves, 2 heat pumps, 2 hot water tanks. New Roof (2024)
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Finished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 57.66 x 100 Feet
- Parking
- None garage · 6 total
Financial
- Property Taxes
- $4,612 (2025)
Location
- Neighbourhood
- Sutton & Jackson's Point
- Cross Street
- Jackson's Point / Lake
- Direction Faces
- North
Listing
- MLS® Number
- N13571762
- Days on Market
- 94
- Listed On
- 2026-07-16
- Possession
- TBD
- Listed By
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Features
Interior
- None
- Accessory Apartment
Property
- Beach
- Marina
- Park
- Place Of Worship
- School
- Golf
Pool
- None
- Included
- 4 fridges, 4 stoves, 2 heat pumps, 2 hot water tanks. New Roof (2024)
- Excluded
- all tenants belongings.
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$4,096 per month
- Principal and interest
- $4,096
- Property tax
- $384
- Condo fees
- $0
- Estimated monthly cost
- $4,480
Your mortgage
- Mortgage amount
- $740,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $488,710
Cash to close
- Down payment
- $185,000
- Land transfer tax
- $14,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $199,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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