498 First Street, Collingwood, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Collingwood. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $300,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 4 Bathrooms
- Premium 245 x 120 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
This is your opportunity to step into a fully turnkey, well established restaurant in the heart of Collingwood, one of Ontario's premier four season destinations. With a loyal customer base, strong local reputation, and exceptional exposure, TheSmoke has become a well known favourite among both locals and tourists alike. Known for its homemade BBQ dishes, attention to detail, and welcoming atmosphere, the restaurant has built a recognizable and trusted brand within the community. Proudly featured on the popular television show You Gotta Eat Here!, TheSmoke gained additional brand recognition, credibility, and destination appeal. Situated in a high visibility location with consistent year-round traffic, the business is well positioned to benefit from Collingwood's ongoing growth, proximity to Blue Mountain, and the area's expanding residential developments, amenities, and attractions. This fully operational business includes all chattels and fixtures required for continued operation, allowing for a seamless transition to new ownership.
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Pricing & Value Insights
Data-driven valuation for 498 First Street, Collingwood, ON L9Y 1B8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Collingwood, ON
For a property listed at $300,000 in Collingwood, the legal minimum down payment is $15,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,975 for this transaction. As this listing is in Collingwood (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.