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363 & 361 CEDAR STREET Collingwood, Ontario, MLS S13022370 For Sale

$995,000 Multi-family

363 & 361 CEDAR STREET, Collingwood, Ontario L9Y3B2

363 & 361 Cedar is an exceptional opportunity, right in the heart of Collingwood. This beautifully renovated duplex lives more like two semi-detached homes, offering flexibility for investors, multi-generational living, or those looking to offset their mortgage with rental income. Set on a generous 70 x 165 ft lot, each 2 bedroom, 2 bathroom unit enjoys its own private, fully fenced yard, creating two distinct and functional living spaces. The units are both bright and open on the main floor and walk out to their respective private backyard each with a Napoleon barbecue, outdoor patio sets, and large fenced in yards. Fantastic Collingwood location with a 15 minute walk to downtown, with vibrant shops, restaurants, galleries, farmers market, and year round events. 15 minute walk to the waterfront, and 5 minutes to one of Collingwood's top elementary schools, along with aquatic centre, baseball diamonds, skate park, and dog park. A short drive connects you to Blue Mountain Village, private ski clubs, golf courses. Some of the region's best mountain, road, and gravel cycling is right outside your door. The property also presents future upside. With the potential for severance (subject to town approvals and servicing requirements), there is an opportunity here for those looking to add value over time. Whether you're seeking strong income potential or a versatile property in a prime lifestyle location, this is a rare offering in today's market. 361 Cedar (Left Side) is currently tenanted with a reliable long-term tenant paying $2,400/month + hydro & gas, providing immediate, stable income. 363 Cedar (Right Side) is vacant and ready for occupancy, previously rented for $2,600/month + hydro & gas, offering strong income potential or the option to move in and enjoy. (id:14701)

Features of 363 & 361 CEDAR STREET, Collingwood

Bedrooms 4
Bathrooms 4
Floor Space 20,002,500 sqft
Property Type Multi-family
MLS® S13022370
Amenities Nearby Hospital, Marina, Schools, Golf Nearby
Land Amenities Hospital, Marina, Schools, Golf Nearby
Building Amenities Separate Electricity Meters
Building Type Duplex
Cooling Type Central air conditioning
Heating Fuel Natural gas
Heating Type Forced air
Basement Type Crawl space
Flooring Vinyl, Tile
Exterior Finish Vinyl siding, Wood
Stories 2
Appliances Water meter, Dishwasher, Dryer, Furniture, Two stoves, Two Washers, Two Refrigerators
Lot Frontage 70 ft
Lot Depth 165 ft
Sewer Sanitary sewer
Features Flat site
Community Features Community Centre
Zoning Description R2
Neighbourhood Cross Streets: Hurontario / Fifth. ** Directions: Hurontario or High St to Fifth St to Cedar.
Transaction Type For sale
Parking Spaces 4
Parking Type No Garage
Courtesy of: Royal LePage Locations North MLS® S13022370

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