124 Colborne Street Kawartha Lakes, Ontario K0M 1N0
$999,000
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:50886)
Property Details
| MLS® Number | X9358851 |
| Property Type | Single Family |
| Community Name | Fenelon Falls |
| EquipmentType | Water Heater - Electric |
| Features | Irregular Lot Size, Carpet Free, In-law Suite |
| ParkingSpaceTotal | 9 |
| RentalEquipmentType | Water Heater - Electric |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 8 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| ConstructionStatus | Insulation Upgraded |
| CoolingType | Wall Unit |
| ExteriorFinish | Stone, Vinyl Siding |
| FoundationType | Block |
| HalfBathTotal | 2 |
| HeatingFuel | Electric |
| HeatingType | Heat Pump |
| StoriesTotal | 3 |
| SizeInterior | 2999.975 - 3499.9705 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 206 Ft |
| SizeFrontage | 88 Ft ,10 In |
| SizeIrregular | 88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94 |
| SizeTotalText | 88.9 X 206 Ft ; 90.66x115.36x6.00x87.36x100.76x202.94|under 1/2 Acre |
| SurfaceWater | Pond Or Stream |
| ZoningDescription | R3-1 |
Utilities
| Sewer | Installed |
Interested?
Contact us for more information
Weisam S Saleh
Salesperson
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October 16 2024 02:38:29
Durham Region Association of REALTORS®
Exp Realty