57 Elgin Street

Welcome to an exceptional investment opportunity with a Multi-Family Home for sale in Collingwood , located at 57 Elgin Street, Collingwood. This solid brick multiplex, boasting a 2½ storey design, is nestled in the heart of Collingwood, an area renowned for its charm and vibrant community. The property, which has stood the test of time for over 100 years, is situated within a designated Heritage area, adding a unique character that is both inviting and historically significant.

As you approach 57 Elgin Street, Collingwood, you will immediately appreciate the building's robust exterior, crafted from brick and concrete. The property is positioned on a generous lot measuring 53 x 140 feet, providing ample space for its four units. The building is designed to accommodate a variety of tenants, featuring a total of 20 rooms, including four well-appointed kitchens that cater to the needs of each unit. This Multi-Family Home for sale in Collingwood offers a mix of two 2-bedroom units and two 3-bedroom units, making it an attractive option for families and professionals alike.

One of the standout features of this property is the separate heating system for each unit, with individual furnaces ensuring efficiency and ease of management. The roof was recently replaced in 2025, and the plumbing has been updated, alleviating any near-term capital concerns for prospective buyers. Additionally, the property benefits from central air conditioning, providing comfort throughout the warmer months. While there is no pool or fireplace, the lack of these features is more than compensated by the overall appeal and functionality of the building.

The Multi-Family Home for sale in Collingwood is fully tenanted, which means you can start generating income from day one. Each tenant is responsible for their own hydro, gas, water, and sewage costs, except for common area utilities, allowing for a straightforward management approach. The property is currently rented on a net, net basis, which is an attractive arrangement for both investors and tenants. With strong rental demand in this desirable central location, the property presents a stable income opportunity with the potential for long-term growth.

Located at 57 Elgin Street, Collingwood, this property is ideally situated within walking distance of downtown amenities, shops, restaurants, and public transit. The community of Collingwood is known for its vibrant atmosphere and friendly residents, making it a sought-after location for renters. The property is zoned C1 Commercial, yet it is currently operated as a residential rental building. Buyers are encouraged to review the zoning provisions and heritage guidelines to explore the permitted future uses of this Multi-Family Home for sale in Collingwood.

Parking is another advantage of this property, as each tenant is entitled to one parking space included in their rent. Furthermore, there is additional parking available at a rate of £100 per month per space, providing an opportunity for supplemental income. With garage space for two vehicles and parking for four more, convenience is at the forefront of this investment.

In summary, 57 Elgin Street, Collingwood, is a well-maintained, income-producing property that is perfect for investors seeking stability and potential for growth. The combination of its historical charm, strong rental appeal, and prime location makes this Multi-Family Home for sale in Collingwood an opportunity not to be missed. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, and compliance with municipal requirements to ensure this investment aligns with their goals. Don’t miss your chance to own a piece of Collingwood’s rich history while benefiting from its thriving rental market!

Collingwood, nestled within the vibrant city of Collingwood, offers a unique blend of urban convenience and natural beauty. This charming area is characterised by its picturesque streets lined with heritage buildings, lush parks, and a strong sense of local identity. Residents can enjoy a variety of amenities, including boutique shops, cafes, and cultural attractions, all within easy reach. The community is well-connected by public transport, making it simple to explore the wider city and beyond. With its friendly atmosphere and diverse population, Collingwood is an inviting place for those seeking a lively yet welcoming environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Connaught Public School, an elementary school offering grades JK to 8, is just 0.6 km away and has a school rating of 5.2. For secondary education, Collingwood Collegiate Institute is 1.5 km from the property, providing grades 9 to 12 with a higher school rating of 6.5. Additionally, Cameron Street Public School, also an elementary institution, is 1.3 km away and offers French language instruction for grades 1 to 4, with a rating of 5.8. Admiral Collingwood Elementary School, located 1.8 km from the property, serves grades 5 to 8 in French but has a lower rating of 4.8. For those seeking a Catholic education, Our Lady of the Bay Catholic High School is 1.3 km away, catering to grades 9 to 12, although it currently does not have a rating. Overall, the proximity to a variety of schools, including both public and Catholic options, ensures that families have access to quality education within a short distance from home.