42-44 Colborne St
Kawartha Lakes, K0M1N0
For Sale
$1,895,000
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➧
Multi-Use
CATEGORY0.12 Acres
TOTAL AREAX6819510
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Property Description
Investment Opportunity North East corner, High Traffic Area Downtown Fenelon Falls! Commercial/Residential -Just under 10,000 sq feet with a C1 Zoning, 8 unit multiplex, 4 Residential 2nd Floor & 4 Commercial main floor. Walkability to shopping, the Falls, Beach, Trails & easy access from Hwy 35. Investment generating potential still not a full capacity. The current Tenants wish to remain, all with leases, the anchor tenant with an 8 yr lease. UPGRADES to Building; was completely painted on the exterior in 2018. Flat roof, metal and flashing (2013, Residential flooring, kitchen and bath upgrades specific to individual units. (2) NEW Electric Forced Air Furnaces. Central Air for Commercial units. EBB heat for Residential units. Full unfinished basement, usable storage space. Shared coin Laundry available for residential apartments. All units have individual hydro meters. Breaker panels updated in basement. Opportunity awaits you to invest right here in the Kawartha Lakes!!
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Extras
Building has not been on the market for over 25years and has remained in family.
Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
C1
Total Area
0.12 Acres
Retail Area
50.0
Lot Size
44' x 115'
Taxes
$4,803 (2023)
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Listing contracted with Re/Max All-Stars Realty Inc.
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