57 ELGIN STREET, Collingwood, Ontario L9Y 3L6
$1,299,000.00
- 4,843 Square Feet
Prime Investment Opportunity in Collingwood's Desirable Heritage Zone! Add this turnkey, century-old solid brick fourplex to your portfolio. The property features an ideal unit mix of two 3-bedroom units and two 2-bedroom units. This building is fully tenanted with incredibly low landlord overhead. True net/net leases ensure tenants pay for their own gas, hydro, water, and sewage. Each unit is equipped with its own separate furnace. Major capital expenses are already taken care of with a brand-new roof (2025) and recently updated plumbing. Boost your cash flow with built-in parking revenue: each unit includes 1 space, with additional spaces available ... read more
Prime Investment Opportunity in Collingwood's Desirable Heritage Zone! Add this turnkey, century-old solid brick fourplex to your portfolio. The property features an ideal unit mix of two 3-bedroom units and two 2-bedroom units. This building is fully tenanted with incredibly low landlord overhead. True net/net leases ensure tenants pay for their own gas, hydro, water, and sewage. Each unit is equipped with its own separate furnace. Major capital expenses are already taken care of with a brand-new roof (2025) and recently updated plumbing. Boost your cash flow with built-in parking revenue: each unit includes 1 space, with additional spaces available for $100/month. Unit #4 (2-bed) was just freshly leased at $2,200/month, proving strong market demand and excellent rental yields. Walkable to downtown dining, shopping, and the waterfront. Don't miss out! (id:25417)
Price reduced $200,000 (13.34%) from the list price.
- Listing ID: S13226690
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | Bldg=53 by 140 FT |
| Building | |
|---|---|
| Type: | Multi-family Multi-Family |
| Appliances: | Washer and Dryer |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Location | |
|---|---|
| Town: | Collingwood |
| Province: | Ontario |
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