Added 15 hours 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: $2,886 per year
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Added: Feb 21, 2025 (15 hours ago)
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Updated:
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Last Checked: 5 hours ago
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MLS®#: X11983609
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Listed By: Exp realty
This fully renovated legal triplex in the heart of Fenelon Falls offers a rare opportunity for investors, house hackers, or families looking for multi-generational living. Spanning 3,100 sq. ft., the property features two 3-bed, 2-bath units and one 2-bed, 1-bath unit, each with separate entrances and hydro meters. Investors will appreciate the strong rental income potential of $7,500+ per month, an 8.4% cap rate, and up to 13% cash-on-cash return, while home buyers can live in one unit and rent the others to offset mortgage costs. Designed with premium finishes, each unit includes soundproofing, solid wood kitchen cabinets, quartz countertops, and high-end appliances, offering modern comfort and long-term durability. Located just steps from downtown, the falls, parks, trails, shops, and restaurants, this property is ideal for long-term tenants or short-term Airbnb rentals, maximizing cash flow. Sitting on an expansive 88x206 ft lot, theres future upside with the potential to add 1-2 ADUs for even greater rental income. Vacant possession allows you to move in or select your own tenants from day one. Whether you're looking for a high-yield investment, a house hack opportunity, or a home that accommodates extended family, this property checks all the boxes. View the Virtual Tour and book your showing today!
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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
Central Vacuum: N
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: 2024
Tax Legal Description: PLAN 100 BLKB PT LOT 6 COLBORNE ST E/S BOND ST N/S
Taxes: $2,886
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
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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