948 Lake Dr E is a 7-bedroom, 4-bathroom fourplex in Georgina, listed for $925,000. It has 3000-3500 sq ft of living space.
1Welcome to this rare income-generating fourplex, ideally located in the heart of Jacksons Point just steps from Lake Simcoe, beaches, parks, shops, and restaurants.
2Three 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.
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.4 fridges, 4 stoves, 2 heat pumps, 2 hot water tanks. New Roof (2024)
7 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $308 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 948 Lake Dr E
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
6 spaces
Basement
Finished
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Finished
Lot & land
Lot size (sqft)
5663
Listing & possession
Property style
2-Storey
Property class
Fourplex
948 Lake Dr E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13571762$925,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 948 Lake Dr E Compares to the Georgina Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,544
/mo
based on the purchase price of $925,000
$185,000 cash
$740,000 financed
$623,274 total interest
Principal54%$740,000
Interest46%$623,274
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 948 Lake Dr E
Homes for sale in Georgina
Every active Georgina MLS® listing, updated all day.
Average days on market38Homes sold in about 38 days on average.
Sale-to-list ratio96.2%On average, homes sold below asking.
Active listings497Homes for sale here right now.
Median vs prior 90 days−1.9%Compared with May 13 – Aug 11, 2026: prices down.
Based on 274 sales from Aug 11 – Nov 9, 2026 (199 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 948 Lake Dr E
How much is 948 Lake Dr E listed for?
948 Lake Dr E is listed at $925,000 (MLS® N13571762). Summitly updates the price as soon as the MLS® record changes.
Is $925,000 a good price for 948 Lake Dr E?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Georgina. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 948 Lake Dr E changed?
No — 948 Lake Dr E is still listed at its original asking price of $925,000.
How many bedrooms and bathrooms does 948 Lake Dr E have?
948 Lake Dr E has 7 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a fourplex in Georgina.
How much would the monthly mortgage be on 948 Lake Dr E?
About $4,544 a month — principal and interest on $925,000 with 20% down ($185,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 948 Lake Dr E compare with other homes in Georgina?
Its asking price of $925,000 is about 21% above the median sold price in Georgina over the last 90 days, $762,500, across 274 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 948 Lake Dr E been sold before?
Summitly has no earlier MLS® sale or lease of 948 Lake Dr E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 948 Lake Dr E?
948 Lake Dr E is in Georgina, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 948 Lake Dr E been on the market?
116 days — 948 Lake Dr E was listed on July 16, 2026.
What is the price per square foot of 948 Lake Dr E?
About $264 to $308 per square foot: the asking price of $925,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 948 Lake Dr E have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 948 Lake Dr E have a basement, and is it finished?
