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For Sale · Multifamily

393 SECOND STREET, Collingwood

393 SECOND STREET, Collingwood, ON L9Y1G9

$950,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

100%

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
Occupancy100%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$35K

Annual cash flow

$-17K

Cash-on-cash

-6.06%

DSCR

0.67

Going-in cap

3.72%

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

70,477

Households

26,435

Median income

$104,000

Median age

44.7

Daytime population

108,789

5-yr growth

5%

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.