491 MINNESOTA St
Collingwood, Collingwood, L9Y 3S6
FOR SALE
$779,000
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5
BEDROOMS2
BATHROOMS2
KITCHENS11
ROOMSS11978157
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Property Description
This lovely home sits on an oversized corner lot with two generous outdoor areas on the north and south sides of the property. Originally built as a single family home, it has been redesigned as a duplex with a 3 bedroom layout upstairs, and a 2 bedroom apartment in the lower level. Situated in the heart of a mature community of fine homes, and across the street from the Collingwood rail trail, you are walking distance to the all the amenities of main street, the YMCA, the waterfront. There are no current tenants so you can set your own rent if this is an investment purchase or if you are buying for yourself and have children living at home this layout will be perfect for you.
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Lot Size
145' x 52'
Fronting
East
Taxes
$3,287 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick, Wood
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
Attached
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Collingwood Market Statistics
Collingwood Price Trend
491 MINNESOTA St is a 5-bedroom 2-bathroom home listed for sale at $779,000, which is $2,771,000 (78.1%) lower than the average sold price of $3,550,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Collingwood increased by $2,660,000 (298.9%) compared to the previous 30 day period (December 22 - January 20) and up $2,545,000 (253.2%) from the same time one year ago.Inventory Change
There were 0 5-bedroom homes listed in Collingwood over the last 30 days (January 21 - February 19), which is down 100.0% compared with the previous 30 day period (December 22 - January 20) and down 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Collingwood typically sold ($200,000) (5.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $193,105 decrease compared to the previous 30 day period (December 22 - January 20) and ($119,500) less 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 5-bedroom homes in Collingwood over the last 30 days (January 21 - February 19) stood at ∞, up from 33.3% over the previous 30 days (December 22 - January 20) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Collingwood stood at 25 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 In-Studio Realty Inc.
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