




1/623 MARKET STREET, Collingwood, ON L9Y3M5
$599,900 total
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Asset Class
Land
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
89%
A rare opportunity to acquire vacant commercial land in the heart of downtown Collingwood. Zoned C1 - Downtown Core Commercial, this property offers exceptional flexibility for investors, developers and business owners looking to create a distinctive project within Collingwood's vibrant downtown. The C1 zoning permits a broad range of uses, including retail, restaurants, professional and business offices, personal services, medical offices, galleries, hotels and other commercial opportunities. The zoning also provides potential for residential units within a non-residential building, subject to applicable zoning provisions and municipal approvals. Residential units are permitted above the first storey with separate access from the commercial portion, creating excellent potential for a mixed commercial/residential development. Of particular interest to developers, C1 zoning provides no minimum lot area or frontage requirements, no maximum lot coverage and permits a maximum building height of 12 metres. Ideally situated within walking distance of downtown shops, restaurants, cafés, professional services, the waterfront, harbour and trail system, the property offers an outstanding opportunity to establish a presence in one of Southern Georgian Bay's most desirable four-season communities. With municipal services available at the lot line, 23 Market Street presents a rare opportunity for retail, hospitality, professional space, mixed-use development or a strategic long-term investment in the continued evolution of downtown Collingwood. (id:66811)
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Monthly debt service
$3K
Projected NOI
$25K
Annual cash flow
$-9K
Cash-on-cash
-4.83%
DSCR
0.74
Going-in cap
4.09%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
118,158
Households
54,569
Median income
$66,000
Median age
40.3
Daytime population
127,926
5-yr growth
7.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 23 MARKET STREET, Collingwood.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.