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33 Colborne St

3,530 SF 100% Leased Retail Building Kawartha Lakes, ON K0M 1N0 $696,619 USD ($197 USD/SF) 5.97% Cap Rate

Retail Space Ontario Kawartha Lakes 33 Colborne St, Kawartha Lakes, ON K0M 1N0

Investment Highlights

  • High visibility location at corner of Colborne and Francis
  • 2 commercial units and 3 rental apartments

Executive Summary

ncome/Expense Statement available in documents. Great investment & income property, rarely offered, in the heart of beautiful Fenelon Falls consisting of 3 rental apartments and 2 commercial/retail units. Uniquely located between the two most popular and visited Kawartha Lakes, it offers the best of both worlds: high traffic, high visibility location at corner or Colborne & Francis and next to CIBC bank in the middle of the busiest intersection and shopping hub in Fenelon Falls downtown. Located on the first block next to beautiful Lock 34, one of the most visited locks on the Trent Severn Waterway, and only a short walk to boat launch, Falls, beach and two lakes.
*** Rental upside: Front commercial tenant is month-to-month. Unit could be re-leased at higher rent and propane cost given back to the new tenant for considerable combined upside.

Attachments

33 Colborne St - Financial Summary

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,530 SF
Building Class
C
Year Built
1925
Price
$696,619 USD
Price Per SF
$197 USD
Cap Rate
5.97%
NOI
$41,601 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.07 AC
Zoning
C1 - Commercial
Parking
2 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
25 FT on Colborne St
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Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Sobeys
Tim Hortons
CIBC
(705) 872-7002

Contact

  • Listing ID: 27325458

  • Date on Market: 12/16/2022

  • Last Updated:

  • Address: 33 Colborne St, Kawartha Lakes, ON K0M 1N0

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33 Colborne St
(705) 872-7002 x

33 Colborne St

Derek Green

(705) 872-7002

(705) 872-7002

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