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Listed 3 months ago

700 Lake Drive N

Historic Lakeshore Communities, Georgina

$5,500,000

Detached|Bungalow
5 | 4 | 16
About this home

Welcome To Millionaires Row. A Rare Offering In Historic Roches Point, This Extraordinary Lakeside Bungalow Estate Is Set On A Private 1.3-Acre Tree-Lined Property With 112ft Of Pristine Shoreline Along Lake Simcoe. The Residence Blends Timeless Character With Thoughtful Design, Capturing Breathtaking Water Views From All Principal Rooms. The Main Level Showcases A Grand Great Room With Cathedral Beamed Ceilings, A Striking Three-Sided Floor-To-Ceiling Wood-Burning Fireplace, And An Open-Concept Layout. A Private Owner's Wing Features An Expansive Bedroom Suite With A Sitting Area, 5-Piece Ensuite, And Walkout To A Sunroom Overlooking The Lake And Gardens. The Opposite Wing Offers Four Additional Bedrooms With Serene Views Of The Water And Front Courtyard. A Sprawling Finished Lower Level Adds Exceptional Flexibility With A Recreation Area, Games And Family Rooms, Four More Bedrooms, And Abundant Storage. Multiple Walkouts Connect Seamlessly To An Enclosed Sunporch, Covered Terrace With Skylights, And Beautifully Landscaped Grounds. A Gated Circular Drive, Perennial Gardens, Tranquil Water Feature, Vegetable Garden, And Fenced Dog Run Enhance The Front Approach, While The Rear Grounds Are Designed For Lakeside Living At Its Finest. Enjoy Majestic Lawns, A 16' X 24' Kidney-Shaped Pool With Spa And Wraparound Patio, Gazebo, Private Waterfront With Access To Your Own Private Sandy Swimming Area, And Over 200 Feet Of Permanent Dock With A 14' X 30' Boat Slip, Natural Stone Break Wall, And Sandy-Bottom Shoreline. Additional Highlights Include An Attached Double Garage And A Separate Detached Garage, Offering Ample Space For Vehicles And Recreational Storage. Ideally Located Across From Deer Park Forest Trails And Just A Short Drive To Everyday Amenities And Highway 404, This Is A Truly Exceptional Waterfront Estate Offering Privacy, Scale, And Enduring Appeal.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$29,854
Lot Size130 ft x 531 ft
mls© NumberN13495234
Listed ByRE/MAX REALTRON BARRY COHEN HOMES 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%
$28,151
Property tax
$2,488
Heat allowance
$150
Housing costs
$30,789 / mo

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

Down payment20% · $1,100,000
25-yr amortization

Income needed

$947,000

gross annual household income

Payment at 4%
$23,145 / mo
Cash down
$1,100,000

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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