393 SECOND Street, Collingwood, Ontario

$1,100,000

6 Beds
3 Baths
2,252 Square Feet

TRIPLEX~ Great Opportunity for Investors~ Potential to add FOURTH UNIT (Ask about the Town of Collingwood Increase Density Opportunities)! ANNUAL RENTAL INCOME~$61 800/ $5,150 per month AND Tenants pay all utilities as well as snow removal! This well maintained triplex with 3 self contained units each having 2 Bedrooms and a 4 pc bath (separately metered) is in a fabulous location and situated on an extremely large lot~ 97 X 133 Ft. Endless Possibilities with Potential for Development~ Sever and Build 2 Homes on Newly Created Lots, Live in One Unit and Rent the Other Two, Continue to Use Strictly as an Investment Property, Convert to Single Family Residence or a Beautiful Lot to Build your Dream Home! This Property has had Many Upgrades Including~ Metal Roof, Asphalt Roof ( Apartment 3), Some Newer Windows, Some Newer Vinyl Siding Replaced and Windows Capped, Upgraded Electrical~ Breakers for 2 Units, Flooring, Newer Appliances/ 3 Hot Water Heaters (Includes all Appliances and Hot Water Heaters Owned) and Designer Paint throughout. A++ tenants! Looking to get into the investment market? The rental market continues to be very strong in desirable Collingwood. Look no further~ this is the one! Walking Distance to Historic Downtown, Restaurants, Theatres, Shopping, Sparkling Waters of Georgian Bay and all that Collingwood has to Offer. Short Drive to Blue Mountain Village, Thornbury and The Longest Freshwater Beach in the World! REALTOR®: LEGAL DESCRIPTION CONTINUED~ S/T RESERVATION OF MINES AND MINERALS IN RO193902; COLLINGWOOD. Rent of $62,400/year. Buyer to Complete Due Diligence regarding Potential Development Opportunities. Property is Zoned R2. Apartment 1 Lease in place until September 30, 2024, Apartment 2 Lease in Place until August 31, 2024, Apartment 3 Lease in Place until June 30, 2024 * Rents Per Unit~ Apartment #1, $1700 plus utilities ~ Apartment #2, $1,700 plus utilities ~ Apartment #3, $1,800 plus utilities. (Also listed as Multi-Res). (id:56241)

Listing ID: 40655022
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Other	Second level	8'0'' x 7'7''
Bedroom	Second level	9'0'' x 8'2''
Primary Bedroom	Second level	12'3'' x 10'3''
Bedroom	Second level	10'3'' x 8'2''
Primary Bedroom	Second level	13'5'' x 10'2''
Bedroom	Second level	13'3'' x 9'10''
Primary Bedroom	Second level	13'6'' x 13'2''
4pc Bathroom	Main level	Measurements not available
4pc Bathroom	Main level	Measurements not available
4pc Bathroom	Main level	Measurements not available
Living room	Main level	13'10'' x 11'0''
Living room	Main level	16'9'' x 13'3''
Kitchen	Main level	11'1'' x 7'9''
Kitchen	Main level	11'6'' x 7'8''
Eat in kitchen	Main level	10'1'' x 13'1''

Details

Architectural Style: 2 Level
Amenities Nearby: Golf Nearby, Marina, Public Transit, Ski area
Equipment: None
Features: Southern exposure, Paved driveway
Ownership: Freehold
Parking Spaces: 9
Rental Equipment: None
Structure: Shed
Transaction: For sale
Zoning Description: R2

Building

Architectural Style: 2 Level
BasementType: Crawl space (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 6
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Vinyl siding
Fireplace Present: False
Fire Protection: Smoke Detectors
Foundation: Stone
Bathrooms (Total): 3
Heating: Baseboard heaters
Heating Fuel: Electric
Size Interior: 2252 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Amenities: Golf Nearby, Marina, Public Transit, Ski area
Landscape Features: Landscaped
Sewer: Municipal sewage system
Size Frontage: 97 ft

Listing provided by RE/MAX Four Seasons Realty Limited, Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 393 SECOND Street in Collingwood Ontario. It was last modified on September 30th, 2024. Contact us to schedule a viewing or to discover other Collingwood homes for sale.

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