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78 Fourth Street W Collingwood, Ontario L9Y 1R4

7 Bedroom 4 Bathroom 2769
None Baseboard Heaters, In Floor Heating

$1,099,000

Great investment opportunity in excellent central location. Four separate apartments within walking distance of shops & restaurants of downtown Collingwood, area schools, YMCA & short drive to private & public ski hills. All four units are currently vacant. Tenants paid heat & hydro (separate meters) and Owner paid gas hot water & water/sewer usage. Low maintenance property. Each unit has exclusive entrance & private deck. Apt 1, 2 & 3 have kitchen & living room on lower level, 2 bed + 4 pc bath on upper level. Apt 1 all on one level with 1 bed + 4 pc bath. This property has potential to net $73,333 per year with CAP rate of 6.67%. (id:37962)

Property Details

MLS® Number 40504646
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre, School Bus
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Total 7
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters, In Floor Heating
Stories Total 2
Size Interior 2769
Type Fourplex
Utility Water Municipal Water

Land

Access Type Water Access, Road Access
Acreage No
Land Amenities Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 66 Ft
Size Frontage 71 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/26217480/78-fourth-street-w-collingwood


Dominic Ellis
Broker

(705) 606-3070
RE/MAX Four Seasons Realty Limited, Brokerage
67 First St.
Collingwood, Ontario L9Y 1A2

(705) 445-8500
(705) 445-0589
www.remaxcollingwood.com/