31 SIMCOE St
Collingwood, Collingwood, L9Y 1H5
FOR SALE
$2,399,000
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Property Description
Unique 3-Bedroom Century Red Brick Residence & Commercial Space in the Heart of Collingwood! Discover a rare opportunity to own a piece of Collingwood's history with this unique century red brick, modern & contemporary building offering a second floor 3 bedroom home (1,632 sq.ft,) complete with an established commercial space on the main floor. Secure your investment with a new 5-year lease with the owner/operator of a well-established wellness clinic, thriving for over 30 years. Plus, there is an additional 5-year option available, offering long-term stability. Access through rear of building where you can enter through your own private entrance or through garage. Elevator to rooftop. Access to all three floors. Located in the vibrant heart of downtown, this property offers the best of both worlds, urban living & business potential all without the hassle of condo fees! Prime location nestled amidst some of the area's finest restaurants, shops & entertainment venues, you will enjoy all the perks of downtown living. Take in breathtaking views of the mountains, Georgian Bay & downtown Collingwood from the comfort of your home. Stunning 3 bedroom home features a modern contemporary design keeping with the original character & charm of the building, a chef's kitchen, large island, luxury appliances, living room with gas fireplace. Primary bedroom with ensuite & exercise room. 2 Additional spacious bedrooms & bathroom with soaker tub. Experience luxury outdoor living on the unique 3-season rooftop outdoor space, featuring a living room setup, dining area, sunning & lounging area, TV, stereo, 3 gas bibs for winter and summer placement of BBQ on rooftop & a power awning for those sunny days. Dura deck roof replaced in 2018. Whether you're looking to live, work, or invest, this property offers endless possibilities in one of Collingwood's most sought-after locations. Don't miss out on this exceptional opportunity to own a piece of downtown charm with modern comforts!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-04 | 2024-11-27 | 84 | $2,500,000 | - | Expired |
| 2024-09-05 | 2024-11-04 | 60 | $2,500,000 | - | Expired |
Extras
Taylor Wellness clinic will lease the clinic space for a period of 5years after transfer of ownership. HVAC 2023 services residence. Utilities hydro, water & gas separately metered. Residence utilities avg $160/mo hydro & water, $47/mo gas
Property Features
Hospital
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Property Details
Street
Community
City
Property Type
Detached, Contemporary
Lot Size
21' x 108'
Acreage
< .50
Fronting
North
Taxes
$8,090 (2024)
Basement
None
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Elevator
Yes
Parking Spaces
2
Driveway
Mutual
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | 2nd | 20.83' x 13.68' | |
| Dining | 2nd | 8.07' x 18.34' | |
| Kitchen | 2nd | 12.83' x 15.09' | |
| Br | 2nd | 12.76' x 11.68' | |
| Br | 2nd | 7.84' x 10.93' | |
| Prim Bdrm | 2nd | 20.51' x 15.91' | |
| Other | 2nd | 20.51' x 12.17' | |
| Other | Main | 8.43' x 9.84' | |
| Other | Main | 8.33' x 9.84' | |
| Other | Main | 14.50' x 6.59' | |
| Other | Main | 21.00' x 13.58' | |
| Other | Main | 8.33' x 9.84' |
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Collingwood Market Statistics
Collingwood Price Trend
31 SIMCOE St is a 3-bedroom 3-bathroom home listed for sale at $2,399,000, which is $2,003,630 (506.8%) higher than the average sold price of $395,370 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 3 bedroom home in Collingwood declined by $384,463 (49.3%) compared to the previous 30 day period (October 22 - November 20) and down $360,530 (47.7%) from the same time one year ago.Inventory Change
There were 61 3-bedroom homes listed in Collingwood over the last 30 days (November 21 - December 20), which is up 177.3% compared with the previous 30 day period (October 22 - November 20) and up 510.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Collingwood typically sold ($9,625) (2.4%) below asking price over the last 30 days (November 21 - December 20), which represents a $8,221 increase compared to the previous 30 day period (October 22 - November 20) and ($38,718) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Collingwood over the last 30 days (November 21 - December 20) stood at 221.3%, up from 68.2% over the previous 30 days (October 22 - November 20) and up from 110.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Collingwood stood at 32 days when successfully sold over the last 30 days (November 21 - December 20), compared to 92 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Locations North
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