For Sale

124 Colborne Street, Kawartha Lakes (Fenelon Falls), Ontario K0M1N0

$999,000

124 Colborne Street, Kawartha Lakes (Fenelon Falls), Ontario K0M1N0 is For Sale and has a listing price of 999,000. The property is located in the Kawartha Lakes neighbourhood. It's been on the website for 4 Days.

  • Single Family
    Property Type
  • Triplex
    Building Type
  • 8
    Bedrooms
  • 5
    Bathrooms
  • Attached Garage
    Parking
  • 9
    Parking Spaces
  • MLS ID: X9358851
  • Office Name EXP REALTY
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 88×206 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:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 8
  • MLS ID: X9358851
  • Bathrooms: 5
  • Price: $999,000
  • Transaction Types: For Sale
  • Ref ID: 27443951
  • Year Built: N/A
  • Building Type: Triplex
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
09/19/2024 X9358851 $999,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kawartha Lakes
  • $897,534 Average List Price
    based on 1 year
  • 387 New Listings
    based on 30 days
  • 70 Median Days on Market
    based on 1 year
  • List vs. Selling Price 82.46 % Up
  • Sold (12mo) 650
  • Rented (12mo) 81

  • 1 Month Change +5.3%
  • 3 Month Change +3.0%
  • 6 Month Change +5.1%
Walkscore
  • 62 Walk Score
    Somewhat Walkable
  • 42 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    81.18%
  • All Houses/Commercial
    0.13%
  • Commercial
    12.14%
  • Condo
    3.18%
  • Land for Sale
    3.36%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Electric
  • Basement2 N/a
  • Heating System Heat Pump
  • Water Municipal Water
  • Exterior Stone, Vinyl Siding
  • Cooling System Wall Unit
  • Total Parking Spaces: 9
  • Property Features Irregular Lot Size, Carpet Free, In-law Suite
  • Basement Separate Entrance, Apartment In Basement
  • Fireplace False
  • Parking Attached Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 19/09/2024 00:00:00
  • Zoning Vr1
  • Agent Name: WEISAM S SALEH
  • Last Updated: 19/09/2024 21:50:16
Open House Dates
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