51 Lake Drive
Historic Lakeshore Communities, Georgina
$990,900
Amazing Lakefront Commercial Property- Zoned C5 With Multiple Uses Allowed/ Right Across Beautiful Cook's Bay in Lake Simcoe // Was Used Before As A Coffee Shop But Multiple Uses Are Allowed/ Great Investment// Good Size Lot, Lots Of Parking// You Can Build A Second Floor or An Extension At The Back// This Could Be A Thriving Business All Year Round// Sun Shines On The Property All Day/ Busy All Year Round/ Summer Fishing, Winter Ice Fishing, Water Sports, Tournaments/ Free Boat Launch/ House Has 200 Amp,
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| Type | Detached |
| Style | 1 Storey/Apt |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $6,400 |
| Lot Size | 83 ft x 114.92 ft |
| mls© Number | N12976034 |
| Listed By | EXP 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%
- $5,072
- Property tax
- $533
- Heat allowance
- $150
- Housing costs
- $5,755 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$177,000
gross annual household income
- Payment at 4%
- $4,170 / mo
- Cash down
- $198,180
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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