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$1,470,000
Available - For Sale
Listing ID: S11945730
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: $6,272.47
Tax Type: Annual
Assessment: $519000
Assessment Year: 2024
Occupancy by: 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
Lot Size: 83.78 x 26.6 (Feet)
Directions/Cross Streets: Poplar sideroad to Hurontario. North (right) onto Hurontario off Poplar
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,268
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
Maintenance: 0
 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
Heat Type: Baseboard
Central Air Conditioning: No
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Royal LePage Locations North

593 HURONTARIO Stre , Collingwood, L9Y 2N4, Simcoe


 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Collingwood
Neighbourhood: Collingwood
Style:
Lot Size: 83.78 x 26.60(Feet)
Approximate Age: 100+
Tax: $6,272.47
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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