393 SECOND STREET, Collingwood393 SECOND STREET, Collingwood — photo 2393 SECOND STREET, Collingwood — photo 3393 SECOND STREET, Collingwood — photo 4393 SECOND STREET, Collingwood — photo 5393 SECOND STREET, Collingwood — photo 6393 SECOND STREET, Collingwood — photo 7393 SECOND STREET, Collingwood — photo 8393 SECOND STREET, Collingwood — photo 9393 SECOND STREET, Collingwood — photo 10393 SECOND STREET, Collingwood — photo 11393 SECOND STREET, Collingwood — photo 12393 SECOND STREET, Collingwood — photo 13393 SECOND STREET, Collingwood — photo 14393 SECOND STREET, Collingwood — photo 15393 SECOND STREET, Collingwood — photo 16393 SECOND STREET, Collingwood — photo 17393 SECOND STREET, Collingwood — photo 18393 SECOND STREET, Collingwood — photo 19393 SECOND STREET, Collingwood — photo 20393 SECOND STREET, Collingwood — photo 21393 SECOND STREET, Collingwood — photo 22393 SECOND STREET, Collingwood — photo 23393 SECOND STREET, Collingwood — photo 24393 SECOND STREET, Collingwood — photo 25393 SECOND STREET, Collingwood — photo 26393 SECOND STREET, Collingwood — photo 27393 SECOND STREET, Collingwood — photo 28393 SECOND STREET, Collingwood — photo 29393 SECOND STREET, Collingwood — photo 30393 SECOND STREET, Collingwood — photo 31393 SECOND STREET, Collingwood — photo 32393 SECOND STREET, Collingwood — photo 33393 SECOND STREET, Collingwood — photo 34393 SECOND STREET, Collingwood — photo 35393 SECOND STREET, Collingwood — photo 36393 SECOND STREET, Collingwood — photo 37393 SECOND STREET, Collingwood — photo 38
1/38
Business For Sale · Multifamily

393 SECOND STREET, Collingwood

393 SECOND STREET, Collingwood, ON L9Y1G9

$950,000 total

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

89%

About this property

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:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$30K

Annual cash flow

$-22K

Cash-on-cash

-7.78%

DSCR

0.58

Going-in cap

3.21%

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.

Area demographics

Trade area within 3 miles of the property.

Population

91,153

Households

33,161

Median income

$63,500

Median age

37

Daytime population

129,589

5-yr growth

8.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 393 SECOND STREET, Collingwood.

NDA required

  • 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.