$705,000

For saleJust listed

#507 4 Kimberly Lane, Collingwood - Single Family for Sale

#507 4 Kimberly Lane, Collingwood, Ontario, L9Y5K8

2 beds2 baths1 parking1,100 ft²$528/mo condo feeListed 4 days ago

Overview

This 2-bedroom, 2-bathroom condo in Collingwood is for sale offering roughly 1,100 sq ft of space. It has been on the market 4 days, fresher than the Collingwood average of 74 days.

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Description

Welcome to the 5th-floor penthouse in the Collingwood condominium known as Royal Windsor. Built in 2024 this beautiful space offers the popular Monarch plan with 2 bedrooms, 2 bathrooms and a bright open-concept layout walking out to a south-facing balcony with views of Blue Mountain and the historic Collingwood Terminals. Close to $45,000 in upgrades (full list available) include quartz countertops, upgraded cabinetry in the kitchen and in both bathrooms, ceramic tile backsplash, upgraded vinyl plank flooring and enhanced lighting throughout. On the same floor enjoy the rooftop party room, lounge and terrace with BBQs, and fire pit, offering panoramic views of Blue Mountain and Georgian Bay. This desirable unit includes an underground parking space #48, plus a prepaid, transferable reservation on the building's EV charging infrastructure. Two elevators and ample visitor parking. Located just a short walk to the waterfront or downtown historic Collingwood. Currently tenanted on a month to month basis at $2670/month, this suite is an excellent opportunity for investors seeking a turnkey income property, or for end-users planning to move in. Clubhouse access available at Balmoral Residences, an 8,000 sq. ft. facility with fitness centre, therapeutic pool, golf simulator, social programs and more! Clubhouse access is $169.50/month mandatory. (id:66096)

Property Details

MLS®: S14135192
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Heat Pump, Electric
Garage: Garage, Underground
Condo Fee: $528/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,015.11/yr
Listed: 4 days ago

Rooms

Flat

Bathroom
Bathroom
Foyer: 3.12 x 2.67 meters
Bedroom: 3.23 x 4.57 meters
Games room: 3.35 x 6.4 meters
Bedroom 2: 2.84 x 4.04 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, Microwave
Foundation: Concrete, Poured Concrete
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Collingwood listings, avg age

74d

Price / ft²

$641

List price

$705K

Haho

This 2-bed single family in Collingwood has been listed for 4 days, which is 70 days fresher than the city average of 74. Act while there is still low competition.

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Listed by Century 21 Millennium Inc. · DAN HALOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $705,000, about 8.3× the local median household income of $85,000.

Carrying it typically needs a household income of about $137,711 (20% down, 25-yr amortization, stress-tested) — roughly 62% 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)

$705,000· $641/ft²

For sale

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Full Cost Breakdown

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Down Payment6.45% · $45,500

Min 6.45%50%

Mortgage payment$3,656/mo

↳ CMHC premium ($26,380 capitalized)

Property tax (est.)$335/mo

Condo fee$528/mo

Total monthly$4,519

Cash Needed to Close

Down payment (6.45%)$45,500

Land transfer tax$10,575

Est. closing costs$4,615

Total cash needed$60,690

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