$1,470,000
Available - For Sale
Listing ID: S11945730
593 HURONTARIO Street , Collingwood, L9Y 2N4, Simcoe
| Welcome to 593 Hurontario Street, a rare investment opportunity in the heart of Collingwood situated on an expansive lot to acommodate expansion. This recently renovated 7-unit multi-family apartment building offers both immediate rental income and significant future growth potential. The property is zoned for development, allowing for the addition of up to 10 total units, making it a prime candidate for expansion. There is a spacious lot to accommodate an expansion.Each of the seven existing units has been tastefully updated with modern amenities, attracting high-quality tenants and ensuring steady income from day one. Beyond its current performance, the seller is offering a unique incentive to ease the transition for a new owner: property management services for up to one year. Situated on a bus route and within walking distance to downtown Collingwood, schools, coffee shops, and daycares, this property is ideally located for tenant convenience. Set in one of Collingwood's most sought-after neighbourhoods, it benefits from a vibrant community, excellent accessibility, and strong rental demand.Whether you're an experienced investor looking to expand your portfolio or seeking to capitalize on Collingwood's growing market, 593 Hurontario Street delivers a compelling mix of current income, development potential, and long-term value. Don't miss this exceptional opportunity! |
| Price | $1,470,000 |
| Taxes: | $6272.47 |
| Tax Type: | Annual |
| Assessment: | $519000 |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 593 HURONTARIO Street , Collingwood, L9Y 2N4, Simcoe |
| Postal Code: | L9Y 2N4 |
| Province/State: | Simcoe |
| Legal Description: | LT 6 E/S OF HURONTARIO ST PL 176 COLLING |
| Lot Size: | 83.78 x 26.60 (Feet) |
| Directions/Cross Streets: | Poplar sideroad to Hurontario. North (right) onto Hurontario off Poplar |
| 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+ |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| LLBO: | N |
| Taxes Expense: | $6272 |
| Insurance Expense: | $6456 |
| Management Expense: | 10483 |
| Heat Expenses: | $5405 |
| Water Expense: | $9547 |
| Other Expenses: | $6579 |
| Gross Income/Sales: | $131580 |
| Operating Expenses: | $51552 |
| Vacancy Allowance: | 1300 |
| Net Income Before Debt: | $82684 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Royal LePage Locations North |
|
|
.jpg?src=Custom)
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Collingwood |
| Neighbourhood: | Collingwood |
| Lot Size: | 83.78 x 26.60(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,272.47 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
- Color Examples
- Red
- Magenta
- Gold
- Green
- Black and Gold
- Dark Navy Blue And Gold
- Cyan
- Black
- Purple
- Brown Cream
- Blue and Black
- Orange and Black
- Default
- Device Examples