$999,000
FOR SALE

Triplex 3-Storey

Bedrooms: 5+3Bathrooms: 5Lot: 88.87 x 206 ft
2023 Taxes: $2,790.72

124 Colborne St
Kawartha Lakes, ON K0M 1N0 | Fenelon Falls

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.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9358851
Last Updated Sep 19, 2024
Property Summary
Property Type Triplex

More like this:
PIN 631530056
Legal Description PLAN 100 BLKB PT LOT 6 COLBORNE ST E/S BOND ST N/S
Taxes (2023) $2,790.72
Directions/Cross Streets Colborne St & Queen St in Fenelon Falls
Neighbourhood Fenelon Falls
Area Kawartha Lakes
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
Fronting On W
Special Designations Unknown
Bedrooms 5+3
Bathrooms 5
Rooms 11+6
Kitchens 2+1
Lot 88.87 x 206 ft
Lot Irregularities 90.66X115.36X6.00X87.36X100.76X202.94
Acreage <.50
Approximate Square Footage 3000-3500
Exterior Stone, Vinyl Siding
Elevator N
Air Conditioning Wall Unit
Family Room N
Fireplace/Stove N
Pool None
Laundry Level Main
Basement Apartment, Sep Entrance
Garage Spaces 1.0
Garage Type Attached
Parking Spaces 8
Total Parking Spaces 9.0
Heat Source Electric
Heat Type Heat Pump
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas N
Water Municipal
Zoning R3-1
Seller Property Info Statement N
Bathrooms
Pieces Level
3Main
2Main
32nd
3Ground
2Ground

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