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Collingwood,ON L9Y 1G9
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,252 sqft
Price per Sqft $488
MLS Listing ID 40655022
Style Two Story
Bedrooms 6
Full Baths 3
Abv Grd Liv Area 2,252
Originating Board The Lakelands
Annual Tax Amount $3,533
Property Description
TRIPLEX~ Great Opportunity for Investors~ Potential to add FOURTH UNIT (Ask about the Town of Collingwood Increase Density Opportunities)! ANNUAL RENTAL INCOME~$61 800/ $5,150 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 August 31, 2024, Apartment 3 Lease in Place until June 30, 2024 * Rents Per Unit~ Apartment #1, $1700 plus utilities ~ Apartment #2, $1,700 plus utilities ~ Apartment #3, $1,800 plus utilities. (Also listed as Multi-Res).
Location
Province ON
County Simcoe County
Area Collingwood
Zoning R2
Direction SECOND STREET~ BETWEEN WALNUT ST. AND HICKORY ST. ON THE NORTH SIDE OF SECOND STREET.
Rooms
Other Rooms Shed(s)
Basement Crawl Space,Unfinished
Kitchen 3
Interior
Heating Baseboard,Electric
Cooling Other,None
Fireplace No
Appliance Water Heater,Hot Water Tank Owned
Laundry In-Suite
Exterior
Garage Asphalt
Waterfront No
Roof Type Asphalt Shing,Metal
Lot Frontage 96.95
Lot Depth 133.41
Garage No
Building
Lot Description Urban,Rectangular,City Lot,Near Golf Course,Landscaped,Marina,Public Parking,Public Transit,Skiing
Faces SECOND STREET~ BETWEEN WALNUT ST. AND HICKORY ST. ON THE NORTH SIDE OF SECOND STREET.
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Two Story
Structure Type Vinyl Siding
New Construction Yes
Others
Senior Community No
Tax ID 582840056
Ownership Freehold/None