Kevin Whetham Broker, Accredited Buyers Representative

57 ELGIN STREET

$1,299,000

Listing ID: S13226690

RE/MAX Four Seasons Doug Gillis & Associates Realty

57 ELGIN STREET, Collingwood, Ontario, L9Y3L6

Property Type: Multi-family Building Area: 4843 sqft
Description

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:24871)


Details

Transaction: For sale Zoning Description: C1

Building

Appliances: Dryer, Washer Cooling: None
Heating Fuel: Natural gas Heating: Forced air
Size Exterior: 4843 sqft Size Interior: 4843 sqft
Type: Multi-Family Utility Water: Municipal water

Land

Size Frontage: 53 ft Size Depth: 140 ft
Size Irregular: Bldg=53 x 140 FT
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Contact Kevin at (705) 774-4444 for details on specific location.

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