$1,499,000

57 ELGIN STREET, Collingwood, Ontario, L9Y 3L6

MLS® # S13226690

Collingwood ON, L9Y 3L6

MLS® # S13226690

Property Information:

Prime Investment Opportunity in Collingwood's Desirable Heritage Zone! Add this turnkey, century-old solid brick fourplex to your portfolio. The property features an ideal unit mix of two 3-bedroom units and two 2-bedroom units. This building is fully tenanted with incredibly low landlord overhead. True net/net leases ensure tenants pay for their own gas, hydro, water, and sewage. Each unit is equipped with its own separate furnace. Major capital expenses are already taken care of with a brand-new roof (2025) and recently updated plumbing. Boost your cash flow with built-in parking revenue: each unit includes 1 space, with additional spaces available for $100/month. Unit #4 (2-bed) was just freshly leased at $2,200/month, proving strong market demand and excellent rental yields. Walkable to downtown dining, shopping, and the waterfront. Don't miss out! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 4843 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Washer

Property Features:

Property Type: Multi-family
Floor Space (approx): 4843 Square Feet
Irregular: Yes
Lot Depth: 140 Feet
Lot Frontage: 53 Feet
Lot Size: Bldg=53 x 140 FT
Zoning: C1

Courtesy of: RE/MAX Four Seasons Doug Gillis & Associates Realty, RE/MAX Four Seasons Realty Limited

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⚠ Potential Investment Performance

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Market Price Trends

Location of 57 ELGIN STREET, Collingwood, Ontario, L9Y 3L6

Lifestyle
Neighbourhood

Demographic Information of 57 ELGIN STREET, Collingwood, Ontario, L9Y 3L6

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$133,228.26

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.88 %

High school certificate or equivalent

34.47 %

Apprenticeship trade certificate/diploma

2.97 %

College/non-university certificate

22.53 %

University certificate (below bachelor)

1.54 %

University Degree

26.61 %

Commuter

Travel To Work

By Car

76.49 %

By Public Transit

1.86 %

By Walking

16.06 %

By Bicycle

0.37 %

By Other Methods

5.22 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.63 %

Houses

76.37 %

Own Vs. Rent