Residentiae.
For Sale · Toronto

228 LAKE DRIVE EAST

Toronto · L0E1S0

$1,950,000

4Bedrooms
3Bathrooms
5Parking
2,000Sq Ft
2Storeys

About this residence

Waterfront Living on Lake Simcoe | Fully Renovated 4-Bedroom Cottagewith Private Dock & Sauna Bright and airy waterfront cottage located in one of Lake Simcoe's most sought-after areas-just under an hour from Toronto and conveniently located at the end of Highway 404, offering easy and direct access fromthe city. Situated on one of the most premium lakes in Ontario, this property delivers an exceptional lifestyle and long-term value.This is one of the rare waterfront properties offering full municipal services-including high-speed internet, sewer, natural gas, municipal water, and electricity-providing the comfort and reliability of cityliving in a serene waterfront - lakeside setting.The home features an open-concept layout and a unique lot that captures stunning lake views from nearly every room. Offering 4 spacious bedrooms and 3 bathrooms, it comfortably accommodates family living orweekend entertaining.The interior is thoughtfully curated with stylish finishes, custom furnishings, and a fully equipped kitchen, creating a turnkey opportunity for both personal use or investment.Step outside to enjoy true lakeside living with a private dock-perfect for swimming, boating, and fishing in the summer, or ice fishing and skating in the winter. A barrel-shaped outdoor sauna overlooking the lake adds a luxury retreat element, ideal for year-round relaxation.Additional features include:Expansive deck with panoramic lake views Outdoor sauna with electronic controlsBBQ area for entertaining High-speed internet and full climate control (A/C & heating) Located minutes from The ROC (Georgina Recreational Outdoor Centre),offering year-round activities including skiing, snowboarding, and outdoor recreation. An exceptional opportunity to own a move-in-ready waterfront property combining lifestyle, convenience, and income potential in a prime Lake Simcoe location. (id:61366)

Property details

Property type
Single Family
Style
House
Ownership
Freehold
Bedrooms
4 (4 above)
Bathrooms
3 (1 half)
Storeys
2
Living area
2,000–2,500 sq ft
Lot size
87.8 FT
Frontage
87.9 feet
Parking
5 spaces
Annual tax
$10,621
MLS®
N13121890
Board
Toronto
Status
Inactive
Listed
May 13, 2026
Updated
Jul 10, 2026

Features & finishes

Appliances

  • Washer
  • Refrigerator
  • Dryer
  • Stove
  • Sauna

Heating

  • Forced air
  • Heat Pump
  • Natural gas

Cooling

  • Central air conditioning

Basement

  • Crawl space

Exterior

  • Wood

Foundation

  • Concrete

Parking

  • Attached Garage
  • Garage

Lot

  • Irregular lot size

Sewer & Utilities

  • Sanitary sewer

Views

  • Direct Water View

Financing

Mortgage calculator

Estimated monthly payment

$9,120/mo

Amortization

Loan amount

$1,560,000

Down payment

$390,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Toronto

About the area

Census · L0E
21,898
Population
47
Median age
$90,000
Median income
$700,000
Median home value
83%
Home ownership
39 min
Avg. commute

Age distribution

0–14
15%
15–24
9%
25–44
24%
45–64
31%
65+
21%

Tenure

83% owners17% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 228 LAKE DRIVE EAST?

228 LAKE DRIVE EAST is listed for $1,950,000, in Toronto.

How many bedrooms and bathrooms does 228 LAKE DRIVE EAST have?

It offers 4 bedrooms and 3 bathrooms (including 1 half-bath).

What type of home is 228 LAKE DRIVE EAST?

228 LAKE DRIVE EAST is a Single Family, House set over 2 storeys.

How large is 228 LAKE DRIVE EAST?

The home offers approximately 2,000–2,500 sq ft of living space on a lot measuring 87.8 FT.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $9,120. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $10,621 per year.

Is there parking?

Yes — 228 LAKE DRIVE EAST includes 5 parking spaces.

What is the Toronto area like?

Toronto has a population of about 21,898, a median age of 47, a 83% home-ownership rate, with an average commute of about 39 minutes.

What is the average home value in Toronto?

The median dwelling value in this area is approximately $700,000, based on census data via Neighbourly.

What is the median household income in Toronto?

The median household income in this area is approximately $90,000.

Private viewings

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