Gurvinder Nokwal REALTOR®
For Sale Detached 39 days on market

$799,000 ↓ $48,000 from $847,000

Est. payment $3,538/moCalculate yours

256 Ontario Street, Collingwood, ON L9Y 1M9

Collingwood, Collingwood, ON L9Y 1M9

  • 3 Beds
  • 3 Baths
  • 1 Garage
  • 2,000 Sq Ft

Listing courtesy of Royal LePage Locations North MLS® S13758728

About this home

Commercial building and land for sale! Incredible Opportunity in the Heart of Collingwood! Own a rare, detached commercial building with an updated residential apartment above, perfectly situated at the high-visibility corner of Ontario & Napier Streets in a mature downtown neighborhood. This well-maintained, mixed-use property has been a local landmark for over 50 years and now offers endless potential for investors, entrepreneurs, or live/work owners. The main level offers approx. 1,400 sq. ft. of commercial/retail space, complete with a 2-piece washroom, ample storage, and cooler space, ideal for a variety of business ventures. Whether you’re launching a new enterprise or relocating to a more strategic location, this corner lot offers high traffic, great exposure, and a large partially fenced yard with generous parking. A detached garage adds even more flexibility and utility. Above the commercial space, enjoy a well-designed 3-bedroom residential apartment. The unit features an eat-in kitchen, bright living area, laundry and 2 full bathrooms, perfect for an owner-occupier, tenant rental, or short-term rental potential. Bonus: a full attic is ready for your vision, create a loft, office, or extra storage. Recent upgrades by the current owners add value throughout, and zoning supports both commercial and residential uses. Apartment chattels are included. This sale includes building and land only, no business. Don’t miss this unique opportunity to invest in a character-filled property with built-in income potential and a location that can not be beat. Explore the possibilities and secure your piece of Collingwood history today!

Property details

Overview

Property Type
Detached
Style
2-Storey
For
For Sale
Status
Price Change
Size
2,000 sqft

Interior

Bedrooms
3
Bathrooms
3
Kitchens
1
Total Rooms
0
Basement
Crawl Space, None

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air, Other
Exterior
Brick
Foundation
Stone
Roof
Asphalt Shingle
Water
Municipal
Sewer
Other

Lot & Parking

Lot Size
58.01 x 120 Feet
Parking
Detached garage · 6 total
Zoning
C6

Financial

Property Taxes
$5,648 (2025)

Location

Neighbourhood
Collingwood
Cross Street
Ontario St / Napier St
Direction Faces
South

Listing

MLS® Number
S13758728
Days on Market
39
Listed On
2026-09-09
Possession
Flexible
Listed By
Royal LePage Locations North

Features

Interior

  • Storage
  • Water Heater
  • Accessory Apartment
  • In-Law Capability

Property

  • Fenced Yard
  • Golf
  • Hospital
  • Public Transit
  • School
  • Skiing

Pool

  • None
Included
Apartment Fridge, Stove, Light Fixtures, Window Coverings, Washer/Dryer, Light Fixtures
Rental items
HWT and Furnace at $107 a mth

Mortgage calculator

Minimum for this price: $54,900 (6.87%)

Amortization, years

Estimated mortgage payment

$3,538 per month

Principal and interest
$3,538
Property tax
$471
Estimated monthly cost
$4,008

Your mortgage

Mortgage amount
$639,200
Mortgage insurance
Not needed
Interest over 25 years
$422,140

Cash to close

Down payment
$159,800
Land transfer tax
$12,455
Total, before legal fees
$172,255
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

256 Ontario Street, Collingwood, ON L9Y 1M9 Collingwood, Collingwood, ON L9Y 1M9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$799,000 256 Ontario Street, Collingwood, ON L9Y 1M9
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