Added 3 months ago
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Type: Triplex
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Style: 3-Storey
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Size: 3000 sqft
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Lot Size: 88.87 x 206 Feet
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Age: No Data
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Taxes: $2,791 per year
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Added: Sep 19, 2024 (3 months ago)
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Updated:
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Last Checked: 8 hours ago
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MLS®#: X9358851
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Listed By: Exp realty
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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Property
Status: Sale
Property Type: Triplex
Style: 3-Storey
Size (sq ft): 3000
Area: Kawartha Lakes
Community: Fenelon Falls
Inside
Bedrooms: 5
Bedrooms Plus: 3
Bathrooms: 5
Kitchens: 2
Kitchens Plus: 1
Rooms: 11
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Laundry Level: Main
Washrooms: 5
Utilities
Electricity: Yes
Gas: No
Building
Basement: Apartment
Basement 2: Sep Entrance
Heat Type: Heat Pump
Heat Source: Electric
Exterior: Stone
Exterior: Vinyl Siding
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Spaces: 1
Garage Type: Attached
Covered Parking Spaces: 8
Total Parking Spaces: 9
Fees
Tax Year: 2023
Tax Legal Description: PLAN 100 BLKB PT LOT 6 COLBORNE ST E/S BOND ST N/S
Taxes: $2,791
Land
Cross Street: Colborne St & Queen
Municipality District: Kawartha Lakes
Fronting On: West
Parcel Number: 631530056
Pool: None
Sewer: Sewers
Lot Depth: 206 Feet
Lot Frontage: 88.87 Feet
Lot Irregularities: 90.66X115.36X6.00X87.
Acres: < .50
Zoning: R3-1
Additional Media
- Virtual Tour: https://listings.getonelook.com/124-Colborne-St-Kawartha-Lakes-ON-K0M-1N0-Canada?mls=
Car-Dependent
- Most errands require a car.
Somewhat Bikeable
- Most errands require a car.
Fenelon Twp Public School
Elementary: PublicSt. John Paul II Catholic Elementary School
Elementary: CatholicRidgewood Public School
Elementary: PublicDunsford District Elementary School
Elementary: PublicParkview Public School
Elementary: PublicLangton Public School
Elementary: PublicSt. Thomas Aquinas Catholic Secondary School
Secondary: CatholicBrock High School
Secondary: PublicFenelon Falls Secondary School
Secondary: PublicCrestwood Secondary School
Secondary: PublicLindsay Collegiate and Vocational Institute
Secondary: PublicI E Weldon Secondary School
Secondary: Public-
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