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501 Sixth Street Collingwood, Ontario L9Y 1Z8

7220 sqft
Multi-Unit None Baseboard Heaters

$2,849,000

Investment opportunity in the growing town of Collingwood. 501 Sixth St is a 12 unit apartment building that is fully occupied and very well maintained. Each unit is a 2 bedroom, open concept living space with full kitchen, dining area and 4pc bath. Tenants pay heat and hydro. Coin laundry is located on the second floor with 2 washing machines and 2 dryers. Of the 12 units, 8 of them have balconies. The large lot size is 119 feet X 156 feet which allows for lots of parking and outdoor storage space for bikes, picnic tables and space for families to hang out. Recent improvements to the building include upgraded insulation, doors and windows, units refreshed as tenants turnover, sump pump, backflow prevention, cameras and more. The list price is based on a 4% cap rate and more details are available upon request. (id:33600)

Property Details

MLS® Number 251311
Property Type Multi-family
Amenities Near By Public Transit, Schools
Equipment Type Water Heater
Features Laundry- Coin Operated, Sump Pump
Parking Space Total 12
Rental Equipment Type Water Heater

Building

Appliances Stove, Dryer, Alarm System, Refrigerator
Architectural Style Multi-unit
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1987
Cooling Type None
Exterior Finish Brick
Fire Protection Fire Alarm System, Smoke Detectors
Fireplace Present No
Foundation Type Block, Poured Concrete
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 7220 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4-1

Utilities

Cable Available

https://www.realtor.ca/real-estate/21712168/501-sixth-street-collingwood


Royal LePage Locations North (Collingwood), Brokerage
330 First Street
Collingwood, Ontario L9Y 1B4

(705) 445-5520
(705) 445-1545
locationsnorth.com

Royal LePage Locations North (Collingwood), Brokerage
330 First Street
Collingwood, Ontario L9Y 1B4

(705) 445-5520
(705) 445-1545
locationsnorth.com

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