393 SECOND STREET, Collingwood, Ontario, L9Y1G9
EXCEPTIONAL TRIPLEX INVESTMENT Opportunity in Collingwood! Discover a prime investment opportunity with this well-maintained triplex generating an impressive annual rental income of $61,800 ($5,150/month). Tenants pay all utilities and snow removal, maximizing your return. This property features three self-contained units, each offering 2 bedrooms and a 4-piece bathroom, all separately metered for convenience and efficiency. Situated on a generous 97 x 133 ft lot in a highly desirable location, this property offers incredible potential for future development. Under current Town of Collingwood guidelines there is potential for *Severance to create 2 lots *Development of up to four units on each lot *Construction of a garage or coach house. *Building two homes on newly created lots *Conversion to a single-family residence or custom dream home (Buyer to complete due diligence to confirm their intended use). The property has had numerous upgrades, including: *Durable metal roof and asphalt roof on porch 2025 (Apartment 3 ) *Updated electrical (breakers for two units) *Some newer windows and vinyl siding *Updated flooring *Newer appliances *Three owned hot water heaters *Stylish designer paint throughout. With A++ tenants already in place, this is a turnkey investment ideal for both seasoned investors and those entering the market. Located within walking distance to historic downtown Collingwood, you'll enjoy easy access to shops, restaurants, theatres, and the beautiful shores of Georgian Bay. Plus, you're just a short drive to Blue Mountain Village, Thornbury, and the world's longest freshwater beach. A rare opportunity in a thriving rental market-don't miss out! (id:2471)
Royal LePage Locations North (Thornbury) Brokerage
- Property Address: 393 SECOND STREET, Collingwood, Ontario, L9Y1G9
- Community Name: Collingwood
- Property Type: Multi-family
- Zoning Description: R2
- Lot Size: 96.96 x 132 FT
- Acreage: 96.96 x 132 FT
- Water Type: Municipal water
- Maintenance Fee: 0.00
- Amenities Nearby: Public Transit, Ski hill
- Structure Style: Multi-Family
- Floor Space: 2174 sqft
- Cooling: None
- Appliances Included: Dryer, Water Heater, Washer
Listing Office: RE/MAX Four Seasons Realty Limited
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Recently Renovated Duplex in central Collingwood, containing 2 rental units...
- 4 Beds
- 5 Baths
EXCEPTIONAL TRIPLEX INVESTMENT Opportunity in Collingwood! Discover a prime investment...
- 6 Beds
- 3 Baths
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