491 Minnesota Street, Collingwood

$739,000
491 Minnesota Street

$739,000

New
3d
DetachedBungalow-Raised

491 Minnesota Street, Collingwood

Total Monthly Obligation $3,613

Beds
4
Baths
2
Park
3
Sqft
1100-1500
DOM
3d
Score
47
Yield
7.7%
Cash on Cash
10.7%
Cap Rate
6.9%
5Y IRR
24.2%
10Y IRR
21.8%
Property Type-Detached
MLS® Number-S14102646
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-145 × 52 ft
Listed on site-Oct 20, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$3,090 (2025)
Parking-4 - Attached
Basement-Apartment, Separate Entrance, Walk-Up, Finished
Heating-Baseboard (Electric)
Brokerage-Chestnut Park Real Estate
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Collingwood
Title-Residential Freehold

No agent assigned

Welcome to 491 Minnesota Street! Raised bungalow, in a great location directly across the street from the Minnesota Trail with close access to the YMCA, this home offers exceptional flexibility for multigenerational living, investors or those seeking income potential. Featuring 3 bedrooms and 1 bath on the main level, plus a self-contained lower-level suite with 1 bedroom, a den, 1 bath, kitchen, laundry, and private entrance through the garage. This home can easily function as two separate living spaces or be converted back into a spacious 5-bedroom, 2 bath, family home. The cozy main floor offers a welcoming living room, spacious kitchen, (easy to open from here to downstairs) convenient laundry, and a primary bedroom with access to a private deck overlooking the backyard. (The main level ensuite laundry can easily be converted back to 2 piece ensuite). Situated on a mature corner lot with a detached garage, separate driveways, and a few perennial garden areas, there is plenty of outdoor space to enjoy. Conveniently located within walking distance to downtown Collingwood, trails, Georgian Bay, schools, shops, and restaurants, with Blue Mountain and private ski clubs and golf clubs just minutes away. A rare opportunity to own a home that delivers comfort, flexibility, and exceptional value in a great location

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$591,200
Land Transfer Taxes$11,255
Legal Fees (Est.)
$
Total cash required for closing$160,555

Total Monthly Obligation

$3,613/mo
Mortgage $2,981
Monthly Loss $2,829
Principal$784
Interest$2,196
Property Tax$258
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.9%49
Cash-on-Cash
5.1%23
5-Year IRR
19.7%91
10-Year IRR
18.4%
Returns Index
55.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
47/ 100
Poor•Caution

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$57,120/yr
NOI
$43,818/yr
Net Cash Flow
$671/mo
Cash Margin
14.1%45
Cash Flow Index
45.5/ 100
Risk Profile
Weight: 20%
DSCR
1.2247
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
35.9/ 100

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

Comparables

Properties near 491 Minnesota Street

Time

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Data last updated within the past 24 hours.