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124 Colborne Street Kawartha Lakes, Ontario K0M 1N0

8 Bedroom 5 Bathroom 2999.975 - 3499.9705 sqft
Wall Unit Heat Pump Landscaped

$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:57691)

Property Details

MLS® Number X9358851
Property Type Single Family
Community Name Fenelon Falls
EquipmentType Water Heater - Electric
Features Irregular Lot Size, Carpet Free, In-law Suite
ParkingSpaceTotal 9
RentalEquipmentType Water Heater - Electric

Building

BathroomTotal 5
BedroomsAboveGround 5
BedroomsBelowGround 3
BedroomsTotal 8
Amenities Separate Electricity Meters, Separate Heating Controls
BasementFeatures Apartment In Basement, Separate Entrance
BasementType N/a
ConstructionStatus Insulation Upgraded
CoolingType Wall Unit
ExteriorFinish Stone, Vinyl Siding
FoundationType Block
HalfBathTotal 2
HeatingFuel Electric
HeatingType Heat Pump
StoriesTotal 3
SizeInterior 2999.975 - 3499.9705 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

Attached Garage

Land

Acreage No
LandscapeFeatures Landscaped
Sewer Sanitary Sewer
SizeDepth 206 Ft
SizeFrontage 88 Ft ,10 In
SizeIrregular 88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94
SizeTotalText 88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94|under 1/2 Acre
SurfaceWater Pond Or Stream
ZoningDescription R3-1

Utilities

Sewer Installed

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

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