124 Colborne St
Fenelon Falls, Kawartha Lakes, K0M 1N0
FOR SALE
$995,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
5 + 3
BEDROOMS5
BATHROOMS2 + 1
KITCHENS11 + 6
ROOMSX11983609
MLSIDContact Us
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!
Call
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-19 | 2025-02-04 | 138 | $999,000 | - | Terminated |
| 2024-09-10 | 2024-12-31 | 112 | $467,500 | - | Expired |
| 2024-07-05 | 2024-09-09 | 66 | $485,000 | - | Terminated |
Call
Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
89' x 206'
Acreage
< .50
Lot Irregularities
90.66X115.36X6.00X87.36X100.76X202.94
Fronting
West
Taxes
$2,886 (2024)
Basement
Apartment, Sep Entrance
Exterior
Stone, Vinyl Siding
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
8
Garage Type
Attached
Call
Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
124 Colborne St is a 5-bedroom 5-bathroom home listed for sale at $995,000, which is $540,000 (118.7%) higher than the average sold price of $455,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Kawartha Lakes declined by $15,000 (3.2%) compared to the previous 30 day period (December 22 - January 20) and down $1,557,500 (77.4%) from the same time one year ago.Inventory Change
There were 7 5-bedroom homes listed in Kawartha Lakes over the last 30 days (January 21 - February 19), which is up 133.3% compared with the previous 30 day period (December 22 - January 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kawartha Lakes typically sold ($24,900) (5.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $0 decrease compared to the previous 30 day period (December 22 - January 20) and ($186,950) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Kawartha Lakes over the last 30 days (January 21 - February 19) stood at 14.3%, down from 33.3% over the previous 30 days (December 22 - January 20) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Kawartha Lakes stood at 77 days when successfully sold over the last 30 days (January 21 - February 19), compared to 134 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
Call