124 Colborne Street Kawartha Lakes, Ontario K0M 1N0

$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:59743)

Property Details

MLS® Number	X9358851
Property Type	Single Family
Community Name	Fenelon Falls
Equipment Type	Water Heater - Electric
Features	Irregular Lot Size, Carpet Free, In-law Suite
Parking Space Total	9
Rental Equipment Type	Water Heater - Electric

Building

Bathroom Total	5
Bedrooms Above Ground	5
Bedrooms Below Ground	3
Bedrooms Total	8
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
Half Bath Total	2
Heating Fuel	Electric
Heating Type	Heat Pump
Stories Total	3
Size Interior	3,000 - 3,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Attached Garage

Land

Acreage	No
Landscape Features	Landscaped
Sewer	Sanitary Sewer
Size Depth	206 Ft
Size Frontage	88 Ft ,10 In
Size Irregular	88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94
Size Total Text	88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94|under 1/2 Acre
Surface Water	Pond Or Stream
Zoning Description	R3-1

Utilities

Sewer

Installed

https://www.realtor.ca/real-estate/27443951/124-colborne-street-kawartha-lakes-fenelon-falls-fenelon-falls