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New5 days ago

31474 Lakeridge Road

Pefferlaw, Georgina

$649,000

Detached|2-Storey
5 | 3 | 6
About this home

BEAUTIFULLY DECORATED MAIN HOME + DETACHED COTTAGE BUNGALOW - ALL ON ONE LARGE PROPERTY. A rare opportunity to own two detached homes on one private property, offering an exceptional combination of space, privacy and flexibility for families, multi-generational living, rental potential. House A - Main Home: Approximately 1,350 sq. ft., 2-storey, featuring 3 bedrooms and 2 bathrooms. Beautifully decorated within the past year with fresh, crisp, neutral finishes and newly purchased appliances. Features stainless-steel kitchen appliances, and the home is ready to enjoy. House B - Bungalow/Cottage:Approximately 809 sq. ft., featuring 2 bedrooms and 1 bathroom. The cottage is vintage Lake Simcoe and has been refreshed. Offers opportunity for the new owner to customize the space to suit needs. In its current "as is" condition, provides additional space for living, home office, studio, or potential rental. This unique property offers tremendous flexibility. The large, exceptionally private backyard is expansive & secluded. It is a gardener's paradise with a substantial garden area, greenhouse, giant garden shed and additional storage. There is plenty of space for gardening, entertaining, recreation. Enjoy the great outdoors with Lake Simcoe within walking/biking distance, while playgrounds, parks, sports fields, nature areas, parking and waterfront recreation are all just a short drive away. Conveniently located near Pefferlaw, Sutton, Beaverton and Cannington in a peaceful setting. Electrical service: Main house - 200 amps. Bungalow - 100 amps. Additional Notes: Redecorated in March 2025. Brand new drilled well and pump system Feb 2026.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$3,312
Lot Size75.01 ft x 249.7 ft
mls© NumberN13779494
Listed ByHOMELIFE/GTA REALTY INC.

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%
$3,322
Property tax
$276
Heat allowance
$150
Housing costs
$3,748 / mo

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

Down payment20% · $129,800
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,731 / mo
Cash down
$129,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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