393 Second Street

Collingwood, ON

MLS® 40655022

For sale
$1,100,000

Bedrooms
6
Bathrooms
3
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).
Property Details
Parking Total
9
Property Type
Residential
Other Structures
Shed(s)
Community Features
Urban
Rectangular
City Lot
Near Golf Course
Landscaped
Marina
Public Parking
Public Transit
Skiing
Building
Appliances
Water Heater
Hot Water Tank Owned
Architectural Style
Two Story
Basement Type
Crawl Space
Unfinished
Bathrooms
3
Bedrooms
6
Building Type
Single Family Residence
Construction Materials
Vinyl Siding
Security Features
Carbon Monoxide Detector(s)
Smoke Detector(s)
Heating
Baseboard
Electric
Roof
Asphalt Shing
Metal
Sewer
Sewer (Municipal)
Water Source
Municipal
Land
Lot Depth
133.41 ft
Lot Front
96.95 ft
Acres
< 0.5 Acres
Zoning
R2
Walk Score
Rooms
Metric
Imperial
LevelTypeLengthWidthDimensions
Main Living Room Living Room
4.22 m
3.35 m
4.22 m x 3.35 m
Main Kitchen Kitchen
3.38 m
2.36 m
3.38 m x 2.36 m
Main Bathroom Bathroom
Main Eat-in Kitchen Eat-in Kitchen
3.07 m
3.99 m
3.07 m x 3.99 m
Main Kitchen Kitchen
3.51 m
2.34 m
3.51 m x 2.34 m
Main Bathroom Bathroom
Main Living Room Living Room
5.11 m
4.04 m
5.11 m x 4.04 m
Main Bathroom Bathroom
Second Bedroom Bedroom
3.12 m
2.49 m
3.12 m x 2.49 m
Second Bedroom Bedroom
4.04 m
3.00 m
4.04 m x 3.00 m
Second Bedroom Primary Bedroom Primary
4.11 m
4.01 m
4.11 m x 4.01 m
Second Bedroom Primary Bedroom Primary
3.73 m
3.12 m
3.73 m x 3.12 m
Second Bedroom Bedroom
2.74 m
2.49 m
2.74 m x 2.49 m
Second Other Other
2.44 m
2.31 m
2.44 m x 2.31 m
Second Bedroom Primary Bedroom Primary
4.09 m
3.10 m
4.09 m x 3.10 m
RE/MAX Four Seasons Realty Limited, Brokerage

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Listing ID: 154405597
Last Updated: 2024-10-03 17:37:28