228 LAKE DRIVE EAST
Toronto · L0E1S0
$1,950,000
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
Estimated monthly payment
$9,120/mo
Loan amount
$1,560,000
Down payment
$390,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Toronto
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
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