Residentiae.
For Sale · Toronto

948 LAKE DRIVE NORTH

Toronto · L0E1L0

$975,000

7Bedrooms
4Bathrooms
6Parking
3,000Sq Ft
2Storeys

About this residence

Welcome to this rare income-generating fourplex, ideally located in the heart of Jacksons Point just steps from Lake Simcoe, beaches, parks, shops, and restaurants. This well-maintained property features four self-contained units, each offering comfortable layouts and strong rental appeal.Whether you're an investor looking for steady cash flow or a buyer seeking a multi-generational living opportunity, this property delivers flexibility and long-term value. Three of the suites feature two spacious bedrooms and one full bathroom, while the fourth suite offers a cozy one-bedroom layout, also with a full bathroom. Each unit is self-contained and separately metered, giving tenants independence and reducing management complexity for the owner. With its versatile unit mix, this property appeals to a wide range of tenants, from professionals and couples to small families. Investors will appreciate the steady rental demand in Jacksons Point, a community known for its blend of small-town charm and recreational lifestyle, while residents enjoy easy access to parks, beaches, marinas, and year-round outdoor activities.Tenants enjoy the convenience of on-site parking, private entrances, and easy access to local amenities, while owners benefit from consistent rental income in a highly desirable lakeside community. With Jacksons Point continuing to grow as a sought-after destination for year-round living and recreation, this fourplex is a prime opportunity to secure a strong-performing asset in a thriving market. (id:61366)

Property details

Property type
Multi-family
Style
Fourplex
Bedrooms
7 (7 above)
Bathrooms
4
Storeys
2
Living area
3,000–3,500 sq ft
Lot size
57.7 x 100 FT
Frontage
57.8 feet
Parking
6 spaces
Annual tax
$4,612
MLS®
N12581470
Board
Toronto
Status
Inactive
Listed
Nov 27, 2025
Updated
Dec 12, 2025

Features & finishes

Appliances

  • Refrigerator
  • Stove
  • Water Heater

Heating

  • Baseboard heaters
  • Electric

Cooling

  • Wall unit

Basement

  • Finished

Exterior

  • Brick

Parking

  • No Garage

Sewer & Utilities

  • Sanitary sewer

Financing

Mortgage calculator

Estimated monthly payment

$4,560/mo

Amortization

Loan amount

$780,000

Down payment

$195,000

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 948 LAKE DRIVE NORTH?

948 LAKE DRIVE NORTH is listed for $975,000, in Toronto.

How many bedrooms and bathrooms does 948 LAKE DRIVE NORTH have?

It offers 7 bedrooms and 4 bathrooms.

What type of home is 948 LAKE DRIVE NORTH?

948 LAKE DRIVE NORTH is a Multi-family, Fourplex set over 2 storeys.

How large is 948 LAKE DRIVE NORTH?

The home offers approximately 3,000–3,500 sq ft of living space on a lot measuring 57.7 x 100 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 $4,560. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $4,612 per year.

Is there parking?

Yes — 948 LAKE DRIVE NORTH includes 6 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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