57 Elgin Street,Collingwood, ON L9Y 3L6
Collingwood, ON L9Y 3L6
Description
Excellent investment opportunity in the heart of Collingwood. This solid brick four-unit residential income property, located within a C1 Commercial Zone, offers strong rental appeal and long-term potential. The building is over 100 years old and situated within a designated Heritage area, adding character and historical charm while benefiting from recent capital improvements. The property comprises four spacious units, including two 2-bedroom units and two 3-bedroom units. Each unit is separately heated with its own furnace, providing efficiency and ease of management. The roof was replaced in 2025, and the plumbing has been updated, reducing near-term capital concerns. All units are rented on a net, net basis, with tenants responsible for hydro, gas, water, and sewage, except for common area utilities. The building is fully tenanted, offering stable income with strong rental demand in a desirable central location. Located in a high-demand rental area, the property may be of interest to investors seeking an established rental building with longer-term potential, subject to market conditions and tenancy. Each tenant is entitled to one parking space included in the rent, with additional parking available at $100/month per space, offering supplemental income potential. Centrally located and within walking distance to downtown amenities, shops, restaurants, and transit. While zoned C1 Commercial, the property is currently operated and tenanted as a residential rental building. Buyers are encouraged to review zoning provisions and heritage guidelines to confirm permitted future uses. A well-maintained, income-producing property in a prime Collingwood location-ideal for investors seeking stability with upside. Buyer to satisfy themselves with respect to zoning, permitted uses, and compliance with municipal requirements
Details
| MLS # | S13226720 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 87 |
| Listing Provided By | RE/MAX Four Seasons Doug Gillis & Associates Realty | S13226720 552500 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.17 |
| Water Front | None |
Interior
| Interior Features | Other |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete, Brick |
| Construction Materials | Brick, Concrete |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6777 |
|---|---|
| Tax Legal Description | LT 33 E/S ELGIN ST PL 55 AKA PL 282 COLLINGWOOD; PT LT 34 E/S ELGIN ST PL 55 AKA PL 282 COLLINGWOOD AS IN RO219343 (THIRDLY); COLLINGWOOD |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Collingwood |
| Postal Code | L9Y 3L6 |
| Area | Collingwood |
| Listing VS Median (in L9Y 3L6) | |
Price: $1,499,000 low | high Med: $1,499,000 On site: 87 low | high Med: 87 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Collingwood |
| Postal Code | L9Y 3L6 |
| Area | Collingwood |
| Listing VS Median (in L9Y 3L6) | |
Price: $1,499,000 low | high Med: $1,499,000 On site: 87 low | high Med: 87 | |
