Frontside or backside of a home, cottage for 393 SECOND St, Collingwood Ontario L9Y 1G9
87 days on Market

393 SECOND St, Collingwood, Ontario L9Y 1G9

Detached
6
3
- sqft
$1,100,000
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Detached
6
3
- sqft

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Highlights

Estimated Value$1,314,000*

Price/Sqft-

Est. Mortgage$4,724/mo

Tax Amount (2023)$3,533/yr

Days On Market87 days

*Last updated on: 24/12/20

Description

TRIPLEX~ Great Opportunity for Investors~ Potential to add FOURTH UNIT (Ask about the Town of Collingwood Increase Density Opportunities)! ANNUAL RENTAL INCOME~$61 200/ $5,100 per month AND Tenants pay all utilities as well as snow removal! This well maintained triplex with 3 self contained units each having 2 Bedrooms and a 4 pc bath (separately metered) is in a fabulous location and situated on an extremely large lot~ 97 X 133 Ft. Endless Possibilities with Potential for Development~ Sever and Build 2 Homes on Newly Created Lots, Live in One Unit and Rent the Other Two, Continue to Use Strictly as an Investment Property, Convert to Single Family Residence or a Beautiful Lot to Build your Dream Home! This Property has had Many Upgrades Including~ Metal Roof, Asphalt Roof ( Apartment 3), Some Newer Windows, Some Newer Vinyl Siding Replaced and Windows Capped, Upgraded Electrical~ Breakers for 2 Units, Flooring, Newer Appliances/ 3 Hot Water Heaters (Includes all Appliances and Hot Water Heaters Owned) and Designer Paint throughout. A++ tenants! Looking to get into the investment market? The rental market continues to be very strong in desirable Collingwood. Look no further~ this is the one! Walking Distance to Historic Downtown, Restaurants, Theatres, Shopping, Sparkling Waters of Georgian Bay and all that Collingwood has to Offer. Short Drive to Blue Mountain Village, Thornbury and The Longest Freshwater Beach in the World! REALTOR: LEGAL DESCRIPTION CONTINUED~ S/T RESERVATION OF MINES AND MINERALS IN RO193902; COLLINGWOOD. Rent of $62,400/year. Buyer to Complete Due Diligence regarding Potential Development Opportunities. Property is Zoned R2. Apartment 1 Lease in place until September 30, 2024, Apartment 2 Lease in Place until December 31st 2025, Apartment 3 Lease in Place until September 30, 2024 * Rents Per Unit~ Apartment #1650.00 plus utilities ~ Apartment #2, $1,650 plus utilities ~ Apartment #3, $1,800 plus utilities.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size12,934 SqFt(133.41 x 96.95)
Parking Spaces9
MLS ®NumberS10440311
Community NameCollingwood
Data SourceTRREB
Listing byRE/MAX Four Seasons Realty Limited, Brokerage

Features

Heating: Baseboard
Basement: Crawl Space, Unfinished

Main Floor

Other

3.07 x 3.99

Kitchen

3.51 x 2.34

Kitchen

3.38 x 2.36

Living

5.11 x 4.04


Features

Lot size: 12,934 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 9


Property listed by RE/MAX Four Seasons Realty Limited, Brokerage, Brokerage
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Population and Demographics

Overview

Total population 23620
Average household income $139,929

Age (%)

65 and plus
30%
50 to 64
21%
0 to 19
18%
35 to 49
16%
20 to 34
15%

Household composition (%)

Single family
60%
Single person
36%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Owners
72%
Renters
28%

Schools and amenities

Estimated Budget

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