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$ 978,800
Est. payment /mo
New
393 Second ST Collingwood, ON L9Y 1G9
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Collingwood
MLS Listing ID S13493246
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,706
Tax Year 2025
Property Sub-Type Triplex
Property Description
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!
Location
State ON
County Simcoe
Area Simcoe
Rooms
Family Room Yes
Basement Unfinished, Crawl Space
Kitchen 3
Interior
Interior Features Water Heater
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle,Metal
Lot Frontage 96.96
Lot Depth 132.0
Total Parking Spaces 9
Building
Foundation Stone
Others
ParcelsYN No
Listed by RE/MAX Four Seasons Realty Limited