Colborne St

8 Bedroom Real Estate at 124 Colborne St has been sold for $XXX,XXX. Click here to view details, map, and photos.

124 Colborne St, Sold in Fenelon Falls - eXp Realty

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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!

Investment triplex property just steps from downtown Fenelon Falls- This very spacious triplex consists of 3 units with separate entrances and is located on a large 0.45 acre lot. There is plenty of opportunity for a contractor/investor to renovate this home and turn it into a goldmine income property. With some vision and creativity you could improve the existing main floor which has 3 bedrooms and 1 bathroom, and enhance the upper level unity and convert it from a bachelor into a full 1 bedroom, 1 bathroom suits. The basement is just waiting for a revised floor plan and could easily become a 2 or 3 bedroom, 1 bathroom unit. Located just steps from all in-town amenities, you have access to shops, restaurants, parks, trails and the beach!! Time to seize this opportunity and reap the rewards.

124 Colborne St, Fenelon Falls, ON

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