620 OAK Street, Collingwood, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised duplex located in the coveted neighborhood of Collingwood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $599,997 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 53 x 102 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: In-Law Suite, Primary Bedroom - Main Floor, Sump Pump
- Efficient forced air heating via gas
Description
Located on one of Collingwood's fabled and highly sought-after "Tree" streets, you will find 620 Oak Street: a pristine, raised bungalow featuring a legal second suite in the basement. Boasting 3 bedrooms up and 2 bedrooms down, this versatile property serves as an exceptional mortgage helper or an equally impressive addition to your investment portfolio. The upper unit is vacant, giving you the immediate option to move right in or rent it out to maximize your income stream. Converted in 2020, the property underwent a renovation where the basement was completely redone and a legal second suite was added. Capital upgrades include a 200 amp electrical panel, all-new electrical circuits(Basement), and new PEX plumbing throughout the lower tier. A new sewer line was run to the town's sewer. To ensure complete peace of mind, an internal weeping tile system and a new sump pump were integrated to guarantee a dry, worry-free lower level. Maximizing convenience, each unit features its own separate laundry facilities. The upper unit offers a bright layout with 3 bedrooms, a dining area, a spacious living room, and a nicely fitted kitchen, creating the perfect footprint for a small family. Externally, the property features a lovely rear yard and a front driveway with parking for 3 cars. Beyond the doorstep, the location offers the ultimate lifestyle. It is a short walk to the highly regarded Cameron Street Public School, known for its excellent reputation. Nestled in a quiet, historic neighbourhood, you are also walking distance to downtown's vibrant boutique shops, fine dining, and cafes. Collingwood is Ontario's premier four-season playground. You are only minutes from the legendary ski hills of Blue Mountain, pristine golf courses, and the expansive shores of Wasaga Beach. With immediate access to trail systems and the beautiful Georgian Bay harbour front, this property pairs flexibility and income with an unbeatable location.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Park, Rec./Commun.Centre, School
Interior Features
In-Law Suite, Primary Bedroom - Main Floor, Sump Pump, Water Heater, Water Meter
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 620 OAK Street, Collingwood, ON L9Y 2Z3
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 $599,997 in Collingwood, the legal minimum down payment is $35,000 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 $8,475 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 $8,475.
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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.