393 Second Street Collingwood, Ontario L9Y 1G9

6 Bedroom 3 Bathroom 2,000 - 2,500 ft2
None Baseboard Heaters

$998,800

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:54532)

Property Details

MLS® Number S12918214
Property Type Multi-family
Community Name Collingwood
Parking Space Total 9

Building

Bathroom Total 3
Bedrooms Above Ground 6
Bedrooms Total 6
Appliances Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Cooling Type None
Exterior Finish Vinyl Siding
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 2,000 - 2,500 Ft2
Type Triplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 132 Ft
Size Frontage 97 Ft
Size Irregular 97 X 132 Ft
Size Total Text 97 X 132 Ft

https://www.realtor.ca/real-estate/29512873/393-second-street-collingwood-collingwood

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Loretta Mcinnis
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(705) 445-8500
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