EXP Realty and Realty Ladies and Gents Logo

Free Home Evaluation
< Back
Main picture of 57 ELGIN STREET
Secondary picture of 57 ELGIN STREET
Third picture of 57 ELGIN STREET

+24

57 ELGIN STREET

Collingwood, Ontario

$1,600,000.00

  Mortgage Info

10
4
53 x 140 FT

About This Property:


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

Listing Info:

Price:
$1,600,000.00
Property Type:
Multi-family
Stories:
2.5
Bedrooms:
10
Bathrooms:
4
Partial Bathrooms:
0
Lot Size:
53 x 140 FT
Exterior Finish:
Brick, Concrete
Foundation Type:
Concrete, Brick
Status:
For sale

Location:

Address: 57 ELGIN STREET, Collingwood, Ontario, L9Y3L6


Realtor
320 Durham St E, Walkerton, ON

Facebook | Instagram | X/Twitter | YouTube