642 OAK Street, Collingwood, ON

$499,900
MLS#:S10896039
5 beds
2 baths
1100-1500 sqft
4.0 parking
Residential Freehold
642 OAK Street, Collingwood, ON L9Y 2Z8
⚠️

Property no longer active

This property was sold on November 26, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Collingwood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,900 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 1100-1500 sqft on a premium 70 x 102 ft lot
  • Features a walk-up, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Lots of potential in this raised bungalow at 642 Oak Street in Collingwood, located steps to Cameron Elementary School, CCI High School and the Trail system right around the corner. The home sits on a 70 X 102 foot lot and features separate hydro bills and offers great potential for an in-law suite or accessory apartment with the walk-up from the basement to the backyard. The main floor is highlighted with 3 bedrooms, 4pc bath and lots of natural light. The basement features an additional two bedrooms, rec room space with gas fireplace, dining area, kitchen, 4pc bath and lots of storage space. Don't miss your chance to jump on this opportunity.

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Property Summary

This detached home located at 642 OAK Street, Collingwood is currently for sale and has been available on SousaSells for 689 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 5 beds, 2 bathrooms, and is 1100-1500 square feet. 642 OAK Street, Collingwood is in the Collingwood neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 5 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Collingwood, Collingwood.

Highly Recommended for Families
What We Love About This Home
  • 5 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 1100-1500 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Collingwood, Collingwood.

Target Buyer Match

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date9/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick
BasementWalk-Up, Separate Entrance
Lot Size70 × 102 Feet
CountySimcoe
Annual Tax$3,493
Legal DescriptionLT 91 PL 1295 COLLINGWOOD; PT LT 90 PL 1295 COLLINGWOOD AS IN RO995258

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Water Heater

Security Features

  • None

Community Features

None listed

Frequently Asked Questions about 642 OAK Street, Collingwood, ON

Q.What is the asking price for 642 OAK Street, Collingwood, ON ?

The current listing price for 642 OAK Street, Collingwood, ON in Collingwood, Collingwood is $499,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 5 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.

Q.What property type and architectural style is 642 OAK Street, Collingwood, ON ?

642 OAK Street, Collingwood, ON is a Detached (Bungalow-Raised) featuring a Walk-Up, Separate Entrance basement.

Q.What interior features are included in this home?

Interior highlights include: Water Heater.

Q.What security features are installed at 642 OAK Street, Collingwood, ON ?

Security features include: None.

Q.Is parking available at this property?

Yes, this property offers parking space for 4.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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642 OAK Street, Collingwood, ON

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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 642 OAK Street, Collingwood, ON L9Y 2Z8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Collingwood.

Configure Loan Settings

Interest Rate4.00%
Down Payment$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Collingwood, ON

For a property listed at $499,900 in Collingwood, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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Collingwood, Collingwood Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Collingwood, Collingwood.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$927,003

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Collingwood, Collingwood

Elementary Schools

Mountain View
Public300 Spruce Street, Collingwood, Ontario, L9Y 3H1
7.5
Cameron Street
Public575 Cameron Street, Collingwood, Ontario, L9Y 2J4
5.6
Connaught
Public300 Peel Street, Collingwood, Ontario, L9Y 3W2
5.7
St Mary's
Public18 Saunders Street, Collingwood, Ontario, L9Y 0G2
6.0
Admiral Collingwood
Public15 Dey Drive, Collingwood, Ontario, L9Y 4N9
6.8

Secondary Schools

Collingwood
Public6 Cameron Street, Collingwood, Ontario, L9Y 2J2
6.5
Jean Vanier
Public160 Collins Street, Collingwood, Ontario, L9Y 4R1
6.5

Collingwood, Collingwood Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.