124 Colborne Street, Kawartha Lakes, ON
Property no longer active
This property was sold on April 2, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 3-Storey triplex located in the coveted neighborhood of Fenelon Falls. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 5 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 88.87 x 206 ft lot
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Separate Hydro Meter, Storage
- equipped with wall unit(s) central cooling and highly efficient heat pump heating via electric
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!
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Property Summary
This triplex located at 124 Colborne Street, Kawartha Lakes is currently for sale and has been available on SousaSells for 531 days. This property is listed at $995,000 with an estimated mortgage of $3,312* per month. It has 8 beds, 5 bathrooms, and is 3000-3500 square feet. 124 Colborne Street, Kawartha Lakes is in the Fenelon Falls neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Fenelon Falls, Kawartha Lakes.
- •8 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Fenelon Falls, Kawartha Lakes.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Carpet Free
- Separate Hydro Meter
- Storage
- Upgraded Insulation
- In-Law Suite
- Separate Heating Controls
- Primary Bedroom - Main Floor
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 124 Colborne Street, Kawartha Lakes, ON
Q.What is the asking price for 124 Colborne Street, Kawartha Lakes, ON ?
The current listing price for 124 Colborne Street, Kawartha Lakes, ON in Fenelon Falls, Kawartha Lakes is $995,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 5 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 124 Colborne Street, Kawartha Lakes, ON ?
124 Colborne Street, Kawartha Lakes, ON is a Triplex (3-Storey) featuring a Separate Entrance, Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, Separate Hydro Meter, Storage, Upgraded Insulation, In-Law Suite, Separate Heating Controls, Primary Bedroom - Main Floor.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s).
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Pricing & Value Insights
Data-driven valuation for 124 Colborne Street, Kawartha Lakes, ON K0M 1N0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kawartha Lakes, ON
For a property listed at $995,000 in Kawartha Lakes, the legal minimum down payment is $74,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,375 for this transaction. As this listing is in Kawartha Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,375.
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