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    For Sale - 393 Second Street, Collingwood, Ontario

    Est payment $4,562/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • Well-maintained triplex with impressive annual rental income of $61,800.
    • Three self-contained 2-bedroom units, each with their own bathroom.
    • Potential for future development: severance or additional units on lots.
    • Upgrades include durable roofing, updated electrical, and newer appliances.
    • Prime location near downtown, shops, and beautiful Georgian Bay.




    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!
    Listing IDS13824542
    Address393 Second Street
    CityCollingwood, Ontario
    Price$950,000
    Bed / Bath6 / 3 Full
    Style2-Storey, Triplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water HeaterAmenities Golf, Hospital, Lake Access, Public Transit, Skiing, Wooded/TreedOwnership FreeholdBasement Unfinished, Crawl SpaceFoundation StoneHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 9.00
    ASAP

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    Listing Brokerage: RE/MAX Four Seasons Realty Limited

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    393 Second Street
    Collingwood , Ontario
    6 3 $950,000
    Get more info