124 Colborne ST new Save Request In-Person Tour Request Virtual Tour
Kawartha Lakes,ON K0M 1N0
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Fenelon Falls
MLS Listing ID X11983609
Style 3-Storey
Bedrooms 5
Annual Tax Amount $2,886
Tax Year 2024
Property Sub-Type Triplex
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!
Location
Province ON
County Kawartha Lakes
Community Fenelon Falls
Area Kawartha Lakes
Rooms
Family Room No
Kitchen 3
Interior
Cooling Wall Unit(s)
Exterior
Exterior Feature Landscaped,Privacy,Private Pond,Year Round Living
Parking Features Private Triple
Garage Spaces 1.0
Pool None
Roof Type Asphalt Rolled,Asphalt Shingle
Building
Foundation Block
Others
Virtual Tour https://listings.getonelook.com/124-Colborne-St-Kawartha-Lakes-ON-K0M-1N0-Canada