ON > Kawartha Lakes
Kawartha Lakes, ON K0M 1N0,124 Colborne ST
Kawartha Lakes, ON K0M 1N0,124 Colborne ST
Kawartha Lakes, ON K0M 1N0,124 Colborne ST
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$999,000
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5 BD
5 BA
Active

124 Colborne ST Kawartha Lakes, ON K0M 1N0

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Ray Ahmadi

Ray Ahmadi

+1(416) 625-2070

UPDATED:

09/19/2024 09:05 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

MLS Listing ID X9358851

Style 3-Storey

Bedrooms 5

Annual Tax Amount $2,790

Tax Year 2023

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.

Location

Province ON

County Kawartha Lakes

Area Fenelon Falls

Rooms

Family Room No

Basement Separate Entrance, Apartment

Kitchen 3

Separate Den/Office 3

Interior

Interior Features Carpet Free, Separate Hydro Meter, Storage, Upgraded Insulation, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor

Cooling Wall Unit(s)

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Landscaped, Privacy, Private Pond, Year Round Living

Garage Private Triple

Garage Spaces 8.0

Pool None

Waterfront No

Roof Type Asphalt Rolled,Asphalt Shingle

Total Parking Spaces 9

Building

Foundation Block

Listed by EXP REALTY

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Ray Ahmadi

Broker | License ID: 9556208

+1(416) 625-2070

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124 Colborne ST