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$ 999,000
Est. payment /mo
Active
124 COLBORNE STREET Kawartha Lakes (fenelon Falls), ON K0M1N0
8 Beds
5 Baths
2,999 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,999 sqft
Price per Sqft $333
Subdivision Fenelon Falls
MLS® Listing ID X9358851
Bedrooms 8
Half Baths 2
Originating Board Central Lakes Association of REALTORS®
Property Description
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:24570)
Location
Province ON
Interior
Heating Heat Pump
Cooling Wall unit
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Sanitary sewer
Listed by EXP REALTY