Affordable Apartment For Sale in Collingwood

Would a two bedroom apartment in a secure building in Collingwood at a cost of about $1,000 a month including heat, hydro, water, sewers, mortgage payments, condo fees and taxes, be affordable? With a down payment of just 5%, great opportunities like this do still exist in Collingwood.

Once a rare cooperative complex, Bayview Terrace on Ontario Street became a condominium several years ago and since then, unit values have appreciated well as owners have upgraded their units and the market climbed. Ideal for singles, couples, seniors, people with physical challenges as well as investors, this building is worth a look.

I recently listed a two bedroom unit for sale on the 2nd floor which features  a large west-facing balcony, defined eating area and good sized living space for just $119,000.  For investors, it is worth noting that units like these generally rent out for $925.00 to $965.00 per month offering a potential for good return.  It’s also a great option for seniors looking for a safe and secure environment without maintenance to attend to and all at an affordable price.

Update:  This is now sold

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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Thursday, December 1st, 2011 at 5:08 am and is filed under Collingwood Real Estate, Listings. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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RE/MAX four seasons realty limited, brokerage  ♦  67 First Street Collingwood, ON L9Y 1A2  ♦  705-445-8500