$300,000
498 First Street, Collingwood, ON L9Y 1B8
Beds
4 Baths
Parking
This is your opportunity to step into a fully turnkey, well established restaurant in the heart of Collingwood, one of Ontario's premier four season destinations. With a loyal customer base, strong local reputation, and exceptional exposure, TheSmoke has become a well known favourite among both locals and tourists alike. Known for its homemade BBQ dishes, attention to detail, and welcoming atmosphere, the restaurant has built a recognizable and trusted brand within the community. Proudly featured on the popular television show You Gotta Eat Here!, TheSmoke gained additional brand recognition, credibility, and destination appeal. Situated in a high visibility location with consistent year-round traffic, the business is well positioned to benefit from Collingwood's ongoing growth, proximity to Blue Mountain, and the area's expanding residential developments, amenities, and attractions. This fully operational business includes all chattels and fixtures required for continued operation, allowing for a seamless transition to new ownership.

Property Summary

Property Type Commercial
Property Sub Type Commercial Retail
Transaction Type For Sale
Bathrooms 4
Possession TBD

Building

Building Type Commercial Retail
Square Footage 2630
Building Area Units Square Feet
Heating Gas Forced Air Closed
Cooling Yes

Measurements

Lot Size 245 x 120
Lot Size Units Feet
Frontage 245
Depth 120
Total Living Area 2630

Land

Address 498 First Street, Collingwood, ON L9Y 1B8
City Collingwood
Community Collingwood
County / Area Simcoe
Cross Street First & Spruce Street
Parcel Number 582840011

Parking and Garage

Garage Type None

Taxes and Listing Info

List Price $300,000
Annual Taxes $0
Tax Year 2025
Status Active
Listing Date 2026-05-18T17:55:08Z
Updated 2026-05-23T21:11:03Z
MLS Number S13140962
Local Market Insight

What Buyers Should Know About 498 First Street, Collingwood, ON L9Y 1B8

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

498 First Street, Collingwood, ON L9Y 1B8 is positioned in Collingwood, a part of Collingwood where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Commercial Retail, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Commercial Retail should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to First & Spruce Street, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $300,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, 4 bathrooms, basement details marked as to be confirmed, and a lot size of 245 x 120, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Collingwood, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Collingwood. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 498 First Street, Collingwood, ON L9Y 1B8, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.