$1,600,000
57 Elgin Street, Collingwood, ON L9Y 3L6
10 Beds
4 Baths
6 Parking
Excellent investment opportunity in the heart of Collingwood. This solid brick four-unit residential income property, located within a C1 Commercial Zone, offers strong rental appeal and long-term potential. The building is over 100 years old and situated within a designated Heritage area, adding character and historical charm while benefiting from recent capital improvements. The property comprises four spacious units, including two 2-bedroom units and two 3-bedroom units. Each unit is separately heated with its own furnace, providing efficiency and ease of management. The roof was replaced in 2025, and the plumbing has been updated, reducing near-term capital concerns. All units are rented on a net, net basis, with tenants responsible for hydro, gas, water, and sewage, except for common area utilities. The building is fully tenanted, offering stable income with strong rental demand in a desirable central location. Located in a high-demand rental area, the property may be of interest to investors seeking an established rental building with longer-term potential, subject to market conditions and tenancy. Each tenant is entitled to one parking space included in the rent, with additional parking available at $100/month per space, offering supplemental income potential. Centrally located and within walking distance to downtown amenities, shops, restaurants, and transit. While zoned C1 Commercial, the property is currently operated and tenanted as a residential rental building. Buyers are encouraged to review zoning provisions and heritage guidelines to confirm permitted future uses. A well-maintained, income-producing property in a prime Collingwood location-ideal for investors seeking stability with upside. Buyer to satisfy themselves with respect to zoning, permitted uses, and compliance with municipal requirements

Property Summary

Property Type Residential Freehold
Property Sub Type Fourplex
Transaction Type For Sale
Style 2 1/2 Storey
Approximate Age 100+
Bedrooms Above Grade 10
Bathrooms 4
Basement Unfinished
Exposure East
Possession Flexible

Building

Building Type Fourplex
Square Footage 3500-5000
Exterior Brick, Concrete
Foundation Concrete, Brick
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling None
Fireplace No

Measurements

Lot Size 53 x 140
Lot Size Units Feet
Frontage 53
Depth 140
Total Living Area 3500-5000

Land

Address 57 Elgin Street, Collingwood, ON L9Y 3L6
City Collingwood
County / Area Simcoe
Cross Street Ste Marie St or Ontario St to Elgin. Parking in back behind the building.
Sewer Sewer
Pool None
Parcel Number 582880084

Parking and Garage

Total Parking 6
Garage Spaces 2
Garage Type Attached

Taxes and Listing Info

List Price $1,600,000
Annual Taxes $6,777
Tax Year 2025
Status Active
Listing Date 2026-06-02T13:06:47Z
Updated 2026-06-02T16:53:57Z
MLS Number S13226720
Local Market Insight

What Buyers Should Know About 57 Elgin Street, Collingwood, ON L9Y 3L6

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

57 Elgin Street, Collingwood, ON L9Y 3L6 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 2 1/2 Storey, 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 Fourplex 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 Ste Marie St or Ontario St to Elgin. Parking in back behind the building., public transit options, parking availability, and drive times to employment areas. A property with 6 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1,600,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 10 bedrooms, 4 bathrooms, basement details marked as Unfinished, and a lot size of 53 x 140, 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 57 Elgin Street, Collingwood, ON L9Y 3L6, 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.