501 Sixth Street, Collingwood

$2,849,000

0 Beds
0 Baths
7,220 Sqft
0 Acres
0 Garages

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:6289)

Essential Information
Listing #251311
Price$2,849,000
Bathrooms0.00
Square Footage7,220
Acres0.00
Year Built1987
TypeMulti-family
Sub-TypeFreehold
StyleMulti-Unit
Community Information
Address501 Sixth Street
CityCollingwood
ProvinceOntario
Postal CodeL9Y1Z8
Amenities
AmenitiesPublic Transit, Schools
UtilitiesCable
Parking Spaces12
Features

Laundry- Coin operated, Sump Pump

Interior
HeatingBaseboard heaters
CoolingNone
# of Stories2
Has BasementYes
Appliances

Stove, Dryer, Alarm System, Refrigerator

Exterior
ExteriorBrick
FoundationBlock, Poured Concrete
Office

Royal LePage Locations North (Collingwood), Brokerage

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