Property Information:

EXCEPTIONAL TRIPLEX INVESTMENT Opportunity in Collingwood! Discover a prime investment opportunity with this well-maintained triplex generating an impressive annual rental income of $61,800 ($5,150/month). Tenants pay all utilities and snow removal, maximizing your return. This property features three self-contained units, each offering 2 bedrooms and a 4-piece bathroom, all separately metered for convenience and efficiency. Situated on a generous 97 x 133 ft lot in a highly desirable location, this property offers incredible potential for future development. Under current Town of Collingwood guidelines there is potential for *Severance to create 2 lots *Development of up to four units on each lot *Construction of a garage or coach house. *Building two homes on newly created lots *Conversion to a single-family residence or custom dream home (Buyer to complete due diligence to confirm their intended use). The property has had numerous upgrades, including: *Durable metal roof and asphalt roof on porch 2025 (Apartment 3 ) *Updated electrical (breakers for two units) *Some newer windows and vinyl siding *Updated flooring *Newer appliances *Three owned hot water heaters *Stylish designer paint throughout. With A++ tenants already in place, this is a turnkey investment ideal for both seasoned investors and those entering the market. Located within walking distance to historic downtown Collingwood, you'll enjoy easy access to shops, restaurants, theatres, and the beautiful shores of Georgian Bay. Plus, you're just a short drive to Blue Mountain Village, Thornbury, and the world's longest freshwater beach. A rare opportunity in a thriving rental market-don't miss out! (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Unfinished
Basement Type: Crawl space
Exterior Finish: Vinyl siding
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 132 Feet
Lot Frontage: 97 Feet
Lot Size: 97 x 132 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 9

Courtesy of: RE/MAX Four Seasons Realty Limited

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Demographic Information of 393 SECOND STREET, Collingwood, Ontario, L9Y 1G9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,222.58

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.57 %

High school certificate or equivalent

35.04 %

Apprenticeship trade certificate/diploma

4.73 %

College/non-university certificate

20.45 %

University certificate (below bachelor)

2.32 %

University Degree

17.88 %

Commuter

Travel To Work

By Car

79.78 %

By Public Transit

2.41 %

By Walking

11.06 %

By Bicycle

2.38 %

By Other Methods

4.37 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.23 %

Houses

85.77 %

393 SECOND STREET, Collingwood, Ontario, L9Y 1G9