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:47421)
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
Sewer
Installed
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
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