390 Second Street, Collingwood

$825,000
390 Second Street

$825,000

New
3d
DetachedBungalow

390 Second Street, Collingwood

Total Monthly Obligation $3,995

Beds
4
Baths
2
Park
1
Sqft
1100-1500
DOM
3d
Score
16
Yield
3.6%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-S14097270
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-51 × 97 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,507 (2026)
Parking-2 - Attached
Basement-Finished
Heating-Baseboard (Electric)
Brokerage-Royal LePage Locations North
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas, Rec Room
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Collingwood
Title-Residential Freehold

No agent assigned

Welcome to 390 Second Street, a thoughtfully renovated 3+1 bedroom, 2-bathroom bungalow with over 2,000 sqft of living space in a walkable Collingwood location. The bright, open-concept main level features a custom kitchen with white cabinetry, quartz countertops, a large contrasting island with seating and plenty of storage. Hardwood floors flow through the main living space, where a gas fireplace adds warmth and character. Three bedrooms and a renovated full bathroom complete the main floor. Sliding doors from the kitchen open to a large covered side porch, extending the living space outdoors, with stairs leading to the fenced backyard and hot tub. The finished lower level offers plenty of additional space, including a family room with a second gas fireplace, a separate recreation area, a spacious fourth bedroom, a beautifully renovated bathroom with a large glass shower, and a dedicated laundry room with a utility sink and storage. Updates include windows and doors, electrical, flooring and lighting. An attached garage adds convenience and storage. Enjoy an in-town lifestyle with downtown shops, restaurants, and the Collingwood Farmers' Market within walking distance, plus easy access to Georgian Bay, the waterfront, parks, and trails. Blue Mountain and four-season recreation are just a short drive away. Move-in ready with flexible finished space in a central Collingwood location.

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$660,000
Land Transfer Taxes$12,975
Legal Fees (Est.)
$
Total cash required for closing$179,475

Total Monthly Obligation

$3,995/mo
Mortgage $3,328
Monthly Loss $3,119
Principal$876
Interest$2,452
Property Tax$292
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,000/yr
NOI
$18,993/yr
Net Cash Flow
-$1,745/mo
Cash Margin
-69.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 390 Second Street

Time

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