42-44 COLBORNE Street, Kawartha Lakes, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Fenelon Falls. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,195,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 44.17 x 115.4 ft lot size
- equipped with no central cooling and highly efficient electric forced air heating
Description
Situated in a vibrant downtown core within a highly sought-after and thriving community, this versatile mixed-use property is zoned C1, offering exceptional flexibility for a wide range of uses. The building features four commercial units on the main floor, ideal for retail or professional office space, with residential units(s) located above. With under 10,000 sq. ft. of gross building area, this property aligns well with many downtown investment stratigies. The building is currently fully occupied, providing immediate income potential. Recent upgrades include fresh interior painting, renovated apartments, updated breaker panesl in the basement, an updated electric furnace, and central air servicing the commercial spaces. Street and /or onsite parking adds further conveniece. A rare opportunity to invest in a dynamic, tourism-driven area rich in commerce, arts and amenities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 42-44 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 $2,195,000 in Kawartha Lakes, the legal minimum down payment is $439,000 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 $41,350 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 $41,350.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.