57 ELGIN STREET
Collingwood, Ontario
MLS® S13226690
$1,299,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S13226690
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 25Listing 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!
Property summary
- MLS® number
- S13226690
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 4,843 sq ft
- Land size
- Bldg=53 x 140 FT
- Annual property taxes
- $6,777.00
- Days on market
- 107 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Appliances
- Washer, Dryer
What would this home cost you?
Based on the $1,299,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Four Seasons Doug Gillis & Associates Realty, COLLINGWOOD.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.