5 beds · 5 baths · 2999.975 - 3499.9705 sqft
Investors Ready to add a fully renovated, income-generating property to your portfolio? Agents Have clients looking to house hack? 5 Reasons You Will Love This Home: 1) Fully Renovated Legal Triplex - This rare find has approximately 3,300 sqft of living area, with separate entrances and hydro for each unit, offering a potential gross monthly income of $7,800. With an 8.75% Cap rate and a potential 12.95% Cash on Cash return, this property is truly an investor's dream. 2) Modern High-Quality Finishes - Features two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. Each unit boasts premium upgrades including soundproofing, solid wood kitchen cabinets, quartz countertops, and high-end appliances. 3) Prime Location - Just steps from in-town amenities, including shops, restaurants, parks, trails, beach, and the falls, making it an excellent opportunity for Airbnb rentals, increasing the property income potential. 4) Expansive Lot - Sitting on a large 88x206 ft lot, there's potential to add 1-2 Additional Dwelling Units (ADUs), further enhancing the value and rental capacity. 5) Vacant Possession - Take immediate control and select your own tenants for this fully renovated property. Don't miss out on this exceptional investment opportunity in the heart of Fenelon Falls! Please view the Virtual Tour. (id:39198)
Building Type Triplex
Year built
Square Footage 2999.975 - 3499.9705 sqft
Stories 3
Bedrooms 5
Bathrooms 5
Parking 9
NeighbourhoodFenelon Falls
Land size 88.9 x 206 FT ; 90.66X115.36X6.00X87.36X100.76X202.94|under 1/2 acre
Heating type Heat Pump
Basement typeN/A
Parking Type Attached Garage
Time on REALTOR.ca0 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: EXP REALTY
Home price
$999,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$9,087 / month
Rent $8,036
Savings $1,051
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$8,009 / month
Rent $7,790
Savings $219
Initial deposit 5%
Savings target Fixed at 5%