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Listed 5 months ago

515 Lake Drive E

Historic Lakeshore Communities, Georgina

$3,820,000

Detached|2-Storey
6 | 6 | 25
About this home

Experience the pinnacle of luxury lakefront living on the coveted south shore of Lake Simcoe. Set on 3.28 private acres, this extraordinary custom-built estate offers over 5,100 sq. ft. of total living, entertaining, and workspace, blending refined craftsmanship with resort-style waterfront living. The main residence spans more than 3,600 sq. ft., highlighted by a breathtaking great room with 20-ft ceilings, a floor-to-ceiling stone gas fireplace, and rich custom millwork. The chef-inspired kitchen is designed to impress, featuring granite countertops, wide-plank hardwood floors, exposed beams, built-in Viking appliances, a 6-burner gas range, and a large island with prep sink, flowing seamlessly into a sunlit dining area overlooking the lake. The home offers 4+1 bedrooms, including a luxurious primary retreat with a spa-inspired 5-piece ensuite featuring a soaker tub, dual rain showers, and walk-in closet. A 900 sq. ft. in-law suite with 2 bedrooms, 2 bathrooms, accessibility features, private entrance, and its own deck provides ideal accommodations for extended family or guests. Designed for entertaining and relaxation, the home also features a rec room with built-in bar and pool table, a fitness room with cedar sauna, and a two-bay garage with mudroom entry. Outside, a wraparound veranda overlooks beautifully landscaped grounds with mature trees and expansive green space. The private waterfront is set up for lakeside living with an entertaining deck, firepit, boat launch, toy storage, and outbuilding. A standout bonus is the 1,100 sq. ft. detached workshop and entertainment space, complete with golf simulator, lounge area, car hoist, bar/kitchen, and 2-pc washroom. A rare opportunity to own a private waterfront compound offering luxury, versatility, and an exceptional lifestyle -less than an hour from Toronto.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age16-30
Size3500-5000 sq. ft.
Property Tax$17,627
Lot Size99.32 ft x 1412.15 ft
mls© NumberN12890964
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$19,552
Property tax
$1,469
Heat allowance
$150
Housing costs
$21,171 / mo

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

Down payment20% · $764,000
25-yr amortization

Income needed

$651,000

gross annual household income

Payment at 4%
$16,075 / mo
Cash down
$764,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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