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124 COLBORNE STREET, Kawartha Lakes (Fenelon Falls), Ontario, K0M1N0

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For sale, ID#: X9358851
124 COLBORNE STREET
Kawartha Lakes (Fenelon Falls) Ontario
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5 + 3 Beds
5 Bath (3 full, 2 half)
$999,000

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:2471)

Representative
Ricardo Melendro
Ricardo MelendroDND-IRP Registered Sales Representative
Royal LePage ProAlliance Realty Brokerage - Trenton
Virtual Tour
Click here for more information
Property Details
  • Property Address: 124 COLBORNE STREET, Kawartha Lakes (Fenelon Falls), Ontario, K0M1N0
  • Community Name: Fenelon Falls
  • Property Type: Single Family
  • Zoning Description: R3-1
  • Lot Size: 88.9 x 206 FT ; 90.66X115.36X6.00X87.36X100.76X202.94
  • Acreage: 88.9 x 206 FT ; 90.66X115.36X6.00X87.36X100.76X202.94|under 1/2 acre
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Driveway: Attached Garage
  • Total Parking Spaces: 9
Structure Details
  • Structure Style: Triplex
  • Storeys: 3
  • Floor Space: 2999.975 - 3499.9705 sqft
  • Bedrooms: 5 + 3
  • Bathrooms: 5-Total 2-Partial
  • Basement Type: N/A
  • Heating Type: Electric, Heat Pump
  • Cooling: Wall unit
  • Exterior Type: Stone, Vinyl siding
  • Foundation Type: Block
Amenities / Features
  • Irregular lot size
  • Carpet Free
  • In-Law Suite
  • Landscaped
Neighbourhood Information

Listing Office: EXP REALTY

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124 COLBORNE STREET, Kawartha Lakes (Fenelon Falls), Ontario, K0M1N0

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