A rare opportunity to acquire vacant commercial land in the heart of downtown Collingwood. Zoned C1 - Downtown Core Commercial, this property offers exceptional flexibility for investors, developers and business owners looking to create a distinctive project within Collingwood's vibrant downtown. The C1 zoning permits a broad range of uses, including retail, restaurants, professional and business offices, personal services, medical offices, galleries, hotels and other commercial opportunities. The zoning also provides potential for residential units within a non-residential building, subject to applicable zoning provisions and municipal approvals. Residential units are permitted above the first storey with separate access from the commercial portion, creating excellent potential for a mixed commercial/residential development. Of particular interest to developers, C1 zoning provides no minimum lot area or frontage requirements, no maximum lot coverage and permits a maximum building height of 12 metres. Ideally situated within walking distance of downtown shops, restaurants, cafés, professional services, the waterfront, harbour and trail system, the property offers an outstanding opportunity to establish a presence in one of Southern Georgian Bay's most desirable four-season communities. With municipal services available at the lot line, 23 Market Street presents a rare opportunity for retail, hospitality, professional space, mixed-use development or a strategic long-term investment in the continued evolution of downtown Collingwood. (id:66096)
Property Details
MLS®
S13828486
Property Type
Vacant Land
Zoning
C1 Commercial
Bathrooms
0
Lot Size
67 × 145 ft (9,679 sq ft)
Frontage
67 ft
Property Tax
$1,517/yr
Listed
42 days ago
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
42d
Collingwood listings, avg age
74d
List price
$600K
Extended: 42 days on market, against an average age of 74 days across the listings currently for sale in this city
Market timing · days on market0 → 74d avg age of current listings
Extended · day 42
Haho
This vacant land in Collingwood has been listed for 42 days, which is 32 days fresher than the city average of 74. Act while there is still low competition.
Listed by Royal LePage Locations North · IAN HAWKINS
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L9Y)
This home lists at $599,900, about 7.1× the local median household income of $85,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 38% 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)
$599,900
For sale
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Financing
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