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New3 hours ago

913 Lake Drive N

Historic Lakeshore Communities, Georgina

$1,169,000

Detached|Bungalow
2 | 1 | 10
About this home

Traditional charm meets modern comfort in this exceptional year-round, indirect lakefront cottage in the highly sought-after historic lakefront community of Eastbourne. Backing onto the members-only Eastbourne Golf Club and overlooking Snake Island, this rare offering is one of the community's few remaining original cottages, circa 1920, thoughtfully modernized while preserving its timeless character and charm. Less than an hour from Toronto, it offers the perfect setting to relax and enjoy the best of lakeside living. The inviting open-concept interior features original tongue-and-groove B.C. fir finishes, new maple hardwood floors and beamed ceilings. Separate living, dining and family rooms feature a woodstove and walk-outs to a bright sunroom and large front deck with stunning lake views. The renovated kitchen offers granite countertops, farmhouse sink and built-in pantry, while the modern 4-piece bath features heated floors. Meticulously maintained and extensively updated with new electrical and plumbing, the home is reinforced with four steel beams in the crawlspace. A convenient mudroom entry opens to a large rear deck overlooking the 6th fairway of the Stanley Thompson-designed Eastbourne Golf Club. Membership in the Eastbourne Members Association provides access to the backlot entry, tennis court and new playground. Boating, fishing, year-round recreation and spectacular panoramic sunsets are all at your doorstep making this a truly special opportunity to own a piece of Eastbourne's history.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,920
Lot Size38.23 ft x 382.4 ft
mls© NumberN13767040
Listed ByRE/MAX HALLMARK YORK GROUP REALTY LTD.

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$5,983
Property tax
$493
Heat allowance
$150
Housing costs
$6,627 / mo

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

Down payment20% · $233,800
25-yr amortization

Income needed

$204,000

gross annual household income

Payment at 4%
$4,919 / mo
Cash down
$233,800

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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