$1,339,000
Available - For Sale
Listing ID: S12346449
593 HURONTARIO Stre , Collingwood, L9Y 2N4, Simcoe
| Looking for a turn key investment property with cash flow on day one? Welcome to 593 Hurontario Street, a recently renovated 7-unit multi-family property located in the heart of Collingwood. Situated on an expansive lot, the property offers zoning for up to 10 total units, providing significant future development potential alongside immediate rental income.Each unit has been tastefully updated with modern finishes, attracting quality tenants and ensuring steady cash flow.Ideally located on a bus route and within walking distance to downtown, shops, restaurants, schools, and parks, this property benefits from strong tenant appeal and high rental demand.This is a rare opportunity to acquire a fully leased, income-generating asset with room to grow in one of Collingwood's most desirable neighbourhoods. |
| Price | $1,339,000 |
| Taxes: | $6272.47 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 593 HURONTARIO Stre , Collingwood, L9Y 2N4, Simcoe |
| Postal Code: | L9Y 2N4 |
| Province/State: | Simcoe |
| Legal Description: | LT 6 E/S OF HURONTARIO ST PL 176 COLLING |
| Directions/Cross Streets: | Collins |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5268.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Approximatly Age: | 100+ |
| Franchise: | F |
| Management Expense: | 10483 |
| Water Expense: | $9547 |
| Vacancy Allowance: | 1337 |
| Net Income Before Debt: | $84763 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| Royal LePage Locations North |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Collingwood |
| Neighbourhood: | Collingwood |
| Approximate Age: | 100+ |
| Tax: | $6,272.47 |
| Fireplace: | N |
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