$2,650,000
Collingwood
72 Third Street, Collingwood, Ontario, L9Y1K5
This multi-family property in Collingwood is for sale offering roughly 4,250 sq ft of space. It has been on the market 37 days, fresher than the Collingwood average of 73 days.
A rare investment opportunity in the heart of downtown Collingwood. This beautifully updated property offers six extensively renovated residential rental units, thoughtfully updated with quality finishes, modern conveniences and attention to detail throughout. Large windows bring an abundance of natural light into each residence, complementing the updated flooring and carefully considered interiors. Generous ceiling heights of approximately 10 feet on the main floor and 9 feet on the second floor create an open, airy feel rarely found in comparable rental properties. The exterior has received equally thoughtful attention, with improvements including the roof, decks, wrought iron fencing and gate, soffits, eaves and downspouts. Professionally landscaped grounds, complete with an irrigation system, further enhance the property's curb appeal while supporting ease of maintenance. With significant capital improvements already completed, this is an attractive opportunity for investors seeking a quality residential income property with manageable operating requirements. Detailed financial information is available upon request. Ideally situated just steps from Collingwood's vibrant downtown, residents enjoy convenient access to restaurants, cafés, boutiques, shopping and everyday amenities, with Blue Mountain, private ski clubs, Georgian Bay and the region's four-season recreational offerings all within easy reach. An opportunity to acquire a well-established residential investment in one of Southern Georgian Bay's most desirable communities. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 73 days across the listings currently for sale in this city
This 7-bed multi-family in Collingwood has been listed for 37 days, which is 36 days fresher than the city average of 73. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,650,000, about 31.2× the local median household income of $85,000.
Carrying it typically needs a household income of about $517,638 (20% down, 25-yr amortization, stress-tested) — roughly 509% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9Y)
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Loading rates, 30-yr amortization
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