$925,000
Georgina
948 Lake Drive East, Georgina (Sutton & Jackson's Point), Ontario, L0E1L0
This multi-family property in Georgina is for sale.
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) (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 111 days on market, against an average age of 66 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
This 7-bed multi-family in Georgina (Sutton & Jackson's Point) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $925,000, about 10.3× the local median household income of $90,000.
Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 101% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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