124 Colborne Street For Sale

Kawartha Lakes, Fenelon Falls, K0M 1N0

$999,000

Description

Listed by EXP REALTY.

Investors Ready to add a fully renovated, income-generating property to your portfolio? Agents Have clients looking to house hack? 5 Reasons You Will Love This Home: 1) Fully Renovated Legal Triplex - This rare find has approximately 3,300 sqft of living area, with separate entrances and hydro for each unit, offering a potential gross monthly income of $7,800. With an 8.75% Cap rate and a potential 12.95% Cash on Cash return, this property is truly an investor's dream. 2) Modern High-Quality Finishes - Features two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. Each unit boasts premium upgrades including soundproofing, solid wood kitchen cabinets, quartz countertops, and high-end appliances. 3) Prime Location - Just steps from in-town amenities, including shops, restaurants, parks, trails, beach, and the falls, making it an excellent opportunity for Airbnb rentals, increasing the property income potential. 4) Expansive Lot - Sitting on a large 88x206 ft lot, there's potential to add 1-2 Additional Dwelling Units (ADUs), further enhancing the value and rental capacity. 5) Vacant Possession - Take immediate control and select your own tenants for this fully renovated property. Don't miss out on this exceptional investment opportunity in the heart of Fenelon Falls! Please view the Virtual Tour.

Location

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  • Address: 124 Colborne Street
  • Neighborhood: Fenelon Falls
  • City: Kawartha Lakes
  • State: Ontario
  • Postal Code: K0M 1N0

Property Video

Property Details

  • Property ID: X9358851
  • Property Price: $999,000
  • Style: Triplex, 3-Storey
  • Sq/Ft: 3000-3500
  • Rooms: 11+6
  • Bedrooms: 5+3
  • Bath: 5
  • Garages Spaces: 1
  • Garage: Attached
  • Parking Spaces: 9
  • A/C: Wall Unit
  • Basement: Apartment, Sep Entrance
  • Den: N
  • Elevator: N
  • Exterior: Stone, Vinyl Siding
  • Heating: Heat Pump
  • Fireplace: N
  • Taxes: $2,790.72 (2023)
  • Acreage: < .50 Acres
  • Lot: 206.00x88.87 (Feet) - 90.66X115.36X6.00X87.36X100.76X202.94

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100