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$998,800
Available - For Sale
Listing ID: S12918202
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!
Price $998,800
Taxes: $3,706.65
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 393 Second Street , Collingwood, L9Y 1G9, Simcoe
Postal Code: L9Y 1G9
Province/State: Simcoe
Directions/Cross Streets: SECOND STREET~ BETWEEN WALNUT ST. AND HICKORY ST. ON THE NORTH SIDE OF SECOND STREET.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,174
Total Area Code:  Square Feet
Area Influences: Public Transit   Skiing
Business/Building Name: 393 SECOND STREET TRIPLEX
Financial Statement: T
Chattels: T
Franchise: F
Hours Open: -
Employees #: 0
 Management Expense: 6400
Maintenance: 0
Water Expense: $0
Vacancy Allowance: 0
Net Income Before Debt: $52792
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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RE/MAX Four Seasons Realty Limited

393 Second Street , Collingwood, L9Y 1G9, Simcoe

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Simcoe
Municipality: Collingwood
Neighbourhood: Collingwood
Style:
Lot Size: x 132.00(Feet)
Approximate Age:
Tax: $3,706.65
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908