$475,000

For saleJust listed

116 SPRUCE Street, Collingwood - Single Family for Sale

116 SPRUCE Street, Collingwood, Ontario, L9Y3G7

3 beds1 bath4 parking1,750 ft²44 × 165 ft (7,260 sq ft) lot sizeListed 7 days ago

Overview

This 3-bedroom, 1-bathroom home in Collingwood is for sale offering roughly 1,750 sq ft of space. It has been on the market 7 days, fresher than the Collingwood average of 73 days.

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Description

Developers, Investors, or First Time Home Buyers! Central Collingwood, 3 bedrooms, updated bathroom, large kitchen with island, main floor laundry, fenced yard, and close to most amenities! Renovations have been started with most of the heavy lifting already done. New roof, Board and Batten, new trim. Upper floor has been stripped back to the studs, new electrical, drywalled, ready for paint and flooring. Main level is open concept living area with economical wood stove, fresh paint. Large den or Costco sized storage room. Oversized detached garage for is great for a shop setup and includes floor plumbed for infloor heat! Great potential for a handyman to build equity by completing the renovations and personalizing the space. Seller is motivated for a quick closing. (id:66096)

Property Details

MLS®: S14123304
Property Type: Single Family
Zoning: RES
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 44 × 165 ft (7,260 sq ft)
Frontage: 44 ft
Storeys: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 3.96 x 5.18 meters
Kitchen: 4.39 x 3.96 meters
Dining room: 4.08 x 3.96 meters
Laundry room: 3.04 x 1.95 meters

Other

Den: 5 x 2.13 meters

Second level

Bedroom: 3.47 x 2.87 meters
Bedroom: 4.57 x 2.23 meters
Primary Bedroom: 2.87 x 3.96 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Stove
Foundation: Stone
Exterior: Wood
Lot Features: Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Collingwood listings, avg age

73d

Price / ft²

$271

List price

$475K

Haho

This 3-bed single family in Collingwood has been listed for 7 days, which is 66 days fresher than the city average of 73. Act while there is still low competition.

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Listed by HOUSESIGMA INC. · SUZANNE REU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $475,000, about 5.6× the local median household income of $85,000.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.

Median household income: $85,000
Population: 28,925
Median age: 52
Owner / renter: 75% / 25%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L9Y)

$475,000· $271/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$246/mo

Total monthly$2,747

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$5,975

Est. closing costs$3,925

Total cash needed$33,650

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