467 Ontario Street, Collingwood

$315,000
467 Ontario Street

$315,000

New
15d
Condo Townhouse3-Storey

467 Ontario Street, Collingwood

Total Monthly Obligation $2,063

Beds
3
Baths
3
Park
1
Sqft
1400-1599
DOM
15d
Score
81
Yield
14.1%
Cash on Cash
31.0%
Cap Rate
11.2%
5Y IRR
41.4%
10Y IRR
37.6%
Property Type-Condo Townhouse
MLS® Number-S13880330
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 8, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$1,918.61 (2026)
Maintenance-$432.61/mo
Locker-None
Parking-1 - Other
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Locations North
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Neighbourhood-Collingwood
Title-Residential Condo & Other

No agent assigned

Opportunity for Investors, Contractors and Renovators! Located in Collingate Mews, this three-bedroom townhouse condominium offers approximately 1,425 sq. ft. across three levels, including the former garage converted to additional living space. An opportunity to renovate and add value in a convenient Collingwood location. The ground level includes a recreation room in the former single-car garage, a powder room, and an additional room with sliding doors leading to the backyard. Buyers may want to convert the recreation room back to a garage, subject to any required approvals. The second level features the living and dining areas and kitchen space. Upstairs are three bedrooms and a full bathroom. The backyard offers gated access to a community trail, and Old Village Park is just a short walk away, featuring a sports field, courts, a ball diamond, children's playground and Collingwood's pump tracks. Sunset Point Beach and Park, waterfront trails, grocery stores and downtown Collingwood are also within walking distance. The property is being sold in as-is condition and requires substantial interior renovations, including a new kitchen, flooring and other interior work. This is an opportunity for those looking to undertake a renovation project, whether for personal use, resale, or a long-term rental investment. Interior floor plans are available to help illustrate the layout and potential. Notable updates include a furnace and water heater in 2024 and an electrical panel updated in approximately 2023.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$252,000
Land Transfer Taxes$3,200
Legal Fees (Est.)
$
Total cash required for closing$67,700

Total Monthly Obligation

$2,063/mo
Mortgage $1,271
Monthly Loss $1,729
Principal$334
Interest$936
Property Tax$160
Condo Fees$433
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
9.7%86
Cash-on-Cash
22.6%96
5-Year IRR
34.7%100
10-Year IRR
31.9%
Returns Index
95.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
81/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$44,484/yr
NOI
$30,526/yr
Net Cash Flow
$1,273/mo
Cash Margin
34.3%98
Cash Flow Index
98.0/ 100
Risk Profile
Weight: 20%
DSCR
2.0095
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
63.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 467 Ontario Street

Time

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