1 Hume 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 $35 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 0 Bathrooms
- Premium 28 x 72 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient none heating
Description
Your final opportunity to secure premium ground floor commercial space at Monaco Condominiums, the only luxury condominium in Historic Downtown Collingwood. Unit 102B offers ~2,112 sq. ft. of sophisticated retail/office space with exceptional ~27'.5 ft frontage on Hurontario Street featuring expansive display windows. The unit boasts impressive 12-foot ceilings. Join distinguished co-tenants including CIBC Wood Gundy, Grant Thornton, The Bone & Biscuit Co., Gordon's Market & Café, The Insurance Store, and FS8 Pilates. EXCEPTIONAL PARKING: 51 dedicated commercial spots, 14 shared spaces, 5 drop-off spaces, plus 10 paid street parking spaces on Hurontario Street. Professionally landscaped with high pedestrian traffic at this signaled corner location. WHY COLLINGWOOD? Voted Best Small Town in Ontario and one of Canada's 25 Best Places to Live, Collingwood sits just 90 minutes from Toronto beneath the pristine Blue Mountains. This UNESCO-recognized area was Canada's first Heritage Conservation District, perfectly balancing historic charm with contemporary vibrancy. THRIVING MARKET: Population of 24,811 with 13.8% growth since 2016 and planned 50% growth over 15 years. Highest household incomes exceed $100,000, with increasing Gen X migration. The Monaco residences above are fully occupied with an established Condominium Board and professional Property Management. Lease the last available unit at this landmark address!
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Pricing & Value Insights
Data-driven valuation for 1 Hume Street 102B, Collingwood, ON L9Y 0X3
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About Purchasing a Home in Collingwood, ON
For a property listed at $35 in Collingwood, the legal minimum down payment is $2 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 $0 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 $0.
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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.