For Sale: 393 Second Street, Collingwood, ON - REW
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$998,800
6 bd • 3 ba • 2000 - 2499 sf • Multifamily
393 Second Street
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$998,800
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393 Second StreetCollingwood, ON, L9Y 1G9

  • 6 Bed
  • 3 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: LORETTA MCINNIS, Salesperson, RE/MAX Four Seasons Realty Limited

Home facts and features

Price details
List Price
$998,800
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Gross Taxes for 2025
$3,707
Home facts
Bedrooms
6
Full Bathrooms
3
Parking Spaces
9
Parking Details
No Garage
Property Type
Multifamily
Depth
132 feet
Frontage
97.0 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Electric
Basement Details
Unfinished, Crawl space
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
LORETTA MCINNIS
Primary Broker
RE/MAX Four Seasons Realty Limited
Listing details
Days on REW
72 Days
Property Views
107
MLS® Number
S12918214
Source
Canadian Real Estate Association
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Property Insights

Mountain View Public School
  • Public
  • JK - 8
Little House Montessori School
  • Private
  • Pre-K - 3
Collingwood Campus School
  • Public
  • 9 - 12
Cameron Street Public School
  • Public
  • JK - 8
Collingwood Collegiate Institute
  • Public
  • 9 - 12
Connaught Public School
  • Public
  • JK - 8
St Marys School
  • Catholic
  • JK - 8
Jean Vanier Catholic High School
  • Catholic
  • 9 - 12
ÉÉC Notre-Dame-de-la-Huronie
  • Catholic
  • JK - 6
Admiral Collingwood Elementary School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
LORETTA MCINNIS
Phone:
(705) 446-3234
Cell:
705-443-1659
Office:
705-445-8500
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