$339,900

For sale

#505 172 Eighth Street, Collingwood - Single Family for Sale

#505 172 Eighth Street, Collingwood, Ontario, L9Y4T2

2 beds1 bath1 parking1,100 ft²$959/mo condo feeListed 26 days ago

Overview

This 2-bedroom, 1-bathroom condo in Collingwood is for sale offering roughly 1,100 sq ft of space. Listed at $339,900, it is attractively priced about 40% below the $562,500 median asking price in Collingwood. It has been on the market 26 days, fresher than the Collingwood average of 74 days.

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Description

There is still time to get in and settled before winter UNDERGROUND PARKING FOR UNDER $350K! You will not find a cheaper unit in Collingwood with underground parking. Next winter could be so much easier here at the Galleries, no shoveling a warm clean car in the underground parking and many friends right here in the building. Affordable Elegance at The Galleries Collingwood's Hidden Gem. Step into comfort and convenience in one of Collingwood's most desirable addresses. The Galleries. This spacious 2-bedroom, 1-bath condo offers breathtaking views of the escarpment and unforgettable sunsets, all from the warmth of your own home. Features you'll love. Generously sized rooms, including a versatile laundry/storage space, Underground parking spot #82 and ground-level locker #505, Pet-friendly building (size restrictions apply). Condo fees Include covering water, sewer, heat, and A/C. New concierge service for added ease, rentable guest suite for visiting friends and family Library/community room for quiet moments or social gatherings. Fitness centre and sauna to keep you refreshed year-round. This is the most affordable unit in the building perfect for down-sizers or anyone seeking a low-maintenance lifestyle in a vibrant community. Ready for occupancy before the snow flies, so you can settle in just in time for winter coziness. location, lifestyle, and value all in one. Don't miss your chance to own at The Galleries. Schedule your viewing today! (id:66096)

Property Details

MLS®: S13880490
Property Type: Single Family
Zoning: R-6
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $959/mo
Fee Includes: Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,860/yr
Listed: 26 days ago

Rooms

Main level

Laundry room: 2.66 x 2.38 meters
Primary Bedroom: 4 x 3.8 meters
Living room: 4.33 x 3.65 meters
Dining room: 4.3 x 3.65 meters
Bedroom: 3.04 x 3.04 meters
Bathroom: 3 x 2.7 meters
Kitchen: 2.74 x 2.56 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater
Foundation: Poured Concrete, Wood/Piers
Exterior: Stucco
Lot Features: Flat site, Elevator, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Collingwood listings, avg age

74d

Price / ft²

$309

List price

$340K

Haho

This 2-bed single family in Collingwood has been listed for 26 days, which is 48 days fresher than the city average of 74. Act while there is still low competition.

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Listed by RE/MAX Four Seasons Realty Limited · AL EWING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $339,900, about 4.0× the local median household income of $85,000.

Carrying it typically needs a household income of about $66,394 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$339,900· $309/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,995

Min 5%50%

Mortgage payment$1,790/mo

↳ CMHC premium ($12,916 capitalized)

Property tax (est.)$238/mo

Condo fee$959/mo

Total monthly$2,987

Cash Needed to Close

Down payment (5%)$16,995

Land transfer tax$3,574

Est. closing costs$3,520

Total cash needed$24,089

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice