Business For Sale · Multifamily

363-361 CEDAR STREET, Collingwood

363-361 CEDAR STREET, Collingwood, ON L9Y3B2

$895,000 total

2,280 SF

Asset Class

Multifamily

Size

2,280 SF

Building class

A

Zoning

RA8 — Medium Rise

$ / SF

$393

Occupancy

96%

About this property

363 & 361 Cedar is an exceptional opportunity, right in the heart of Collingwood. This beautifully renovated duplex lives more like two semi-detached homes, offering flexibility for investors, multi-generational living, or those looking to offset their mortgage with rental income. Set on a generous 70 x 165 ft lot, each 2 bedroom, 2 bathroom unit enjoys its own private, fully fenced yard, creating two distinct and functional living spaces. The units are both bright and open on the main floor and walk out to their respective private backyard each with a Napoleon barbecue, outdoor patio sets, and large fenced in yards. Fantastic Collingwood location with a 15 minute walk to downtown, with vibrant shops, restaurants, galleries, farmers market, and year round events. 15 minute walk to the waterfront, and 5 minutes to one of Collingwood's top elementary schools, along with aquatic centre, baseball diamonds, skate park, and dog park. A short drive connects you to Blue Mountain Village, private ski clubs, golf courses. Some of the region's best mountain, road, and gravel cycling is right outside your door. The property also presents future upside. With the potential for severance (subject to town approvals and servicing requirements), there is an opportunity here for those looking to add value over time. Whether you're seeking strong income potential or a versatile property in a prime lifestyle location, this is a rare offering in today's market. 361 Cedar (Left Side) is currently tenanted with a reliable long-term tenant paying $2,400/month + hydro & gas, providing immediate, stable income. 363 Cedar (Right Side) is vacant and ready for occupancy, previously rented for $2,600/month + hydro & gas, offering strong income potential or the option to move in and enjoy. (id:66811)

Financial sandbox

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Estimate
Purchase price$895K
Down payment30% · $269K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$33K

Annual cash flow

$-17K

Cash-on-cash

-6.30%

DSCR

0.66

Going-in cap

3.65%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics1,531 SF2032-11
Vector Robotics459 SF2032-11
Vector Robotics400 SF2032-11

Area demographics

Trade area within 3 miles of the property.

Population

146,648

Households

50,823

Median income

$96,500

Median age

31.2

Daytime population

230,945

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 363-361 CEDAR 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.