$999,000 FOR SALE

Triplex

Bedrooms: 5+3Bathrooms: 5Lot: 88.83 x 206 ft

124 Colborne Street
Kawartha Lakes (Fenelon Falls), ON K0M 1N0

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. (id:47423)

Share

Listed By EXP REALTY
Data Provided By Central Lakes Association of REALTORS®
MLS® Listing Number X9358851
Last Updated Sep 19, 2024
Property Summary
Property Type Triplex

More like this:
Community Fenelon Falls
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 5+3
Bathrooms 5
Lot 88.83 x 206 ft
Equipment Water Heater - Electric
Features Irregular lot size, Carpet Free, In-Law Suite
Listing Contract Date 2024-09-19
Location Description Colborne St & Queen St in Fenelon Falls
# of Parking Spaces 9
Property Type Single Family
Rental Equipment Water Heater - Electric
Transaction Type For sale
Zoning Description R3-1
Building
Amenities Separate Electricity Meters, Separate Heating Controls
Basement Features Apartment in basement, Separate entrance
Basement Type N/A
Construction Status Insulation upgraded
Cooling Type Wall unit
Exterior Finish Stone, Vinyl siding
Foundation Type Block
# of Half Bathrooms 2
Heating Fuel Electric
Heating Type Heat Pump
Stories Total 3
Type Triplex
Utility Water Municipal water
Parking Spaces
Name Spaces
Attached Garage
Utilities
Type Description
SewerInstalled
Land
Total Size 88.9 x 206 FT ; 90.66X115.36X6.00X87.36X100.76X202.94 | under 1/2 acre
Landscape Features Landscaped
Sewer Sanitary sewer
Size of Irregular Land 88.9 x 206 FT ; 90.66X115.36X6.00X87.36X100.76X202.94
Surface Water Pond or Stream

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.