948 LAKE DRIVE NORTH
Toronto · L0E1L0
$975,000
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
Estimated monthly payment
$4,560/mo
Loan amount
$780,000
Down payment
$195,000
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 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.
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