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Historic Lakeshore Communities, Georgina
$2,195,000
Welcome to a rare opportunity to own one of Balfour Beach's Iconic waterfront properties. Set on an impressive 111.64 feet of prime, south facing Lake Simcoe shoreline, this cherished three-season family compound has been the backdrop for generations of unforgettable summers and lifelong family memories. Positioned on a quietly sloping lot to the water's edge, the property enjoys a mixed stone shoreline and private dock, perfect for swimming, boating, fishing and making the most of life on Lake Simcoe. Designed for large families and multi-generational living, the main cottage offers two self contained living spaces, each with its own kitchen and private outdoor area, allowing everyone to gather together while enjoying their own space. The main level features a spacious 4 bedroom, 3 bathroom suite with an open concept living area and walkout to a lakeside deck, ideal for entertaining. The upper level offers a separate 4 bedroom, 1 bathroom suite with its own kitchen, two entrances (including a private exterior entrance), and a walkout to a generous terrace overlooking the lake. Completing the property is a charming detached 1 bedroom, 1 bathroom guest cottage, perfect for extended family or overnight guests. For decades, this remarkable property was known as the place to gather, hosting family celebrations, holiday weekends and memorable evenings with friends, neighbours and even celebrities. Serviced by municipal water and sewers, with ample parking for up to six vehicles, the property offers conveniences rarely found in a waterfront setting. Whether you continue its legacy as a cherished generational cottage, create an exceptional family compound, or reimagine it into your own Lake Simcoe retreat, the possibilities are endless. Located in the highly sought after enclave of Balfour Beach, this is more than a cottage - it's a place where memories are made and generations come together to enjoy the very best of waterfront living.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $16,114 |
| Lot Size | 100 ft x 229.46 ft |
| mls© Number | N13597696 |
| Listed By | FOREST HILL REAL ESTATE INC. |
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%
- $11,235
- Property tax
- $1,343
- Heat allowance
- $150
- Housing costs
- $12,728 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$392,000
gross annual household income
- Payment at 4%
- $9,237 / mo
- Cash down
- $439,000
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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