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$ 995,000
Est. payment /mo
New
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 $331
Subdivision Fenelon Falls
MLS® Listing ID X11983609
Bedrooms 8
Half Baths 2
Originating Board Central Lakes Association of REALTORS®
Property Description
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! (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
Others
Virtual Tour https://listings.getonelook.com/124-Colborne-St-Kawartha-Lakes-ON-K0M-1N0-Canada
Listed by EXP REALTY