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Listed 1 month ago

121 Erie Street

Collingwood, Collingwood

$689,000

Detached|Bungalow-Raised
3 | 3 | 4
About this home

Welcome to this beautifully renovated bungalow offering an exceptional combination of style, space & flexibility, including a separate in-law suite with its own private entrance. Extensively renovated with an addition in 2016, this inviting home is ideal for a growing or multi-generational family and is conveniently located close to Georgian Bay, the hospital & downtown Collingwood. At the heart of the main home is a beautiful, spacious kitchen featuring a large centre island, plenty of cupboard & counter space, and a layout perfect for everyday family life & entertaining. The inviting living room features pot lights & an electric fireplace, while a walk-out leads to the deck & private, partially fenced backyard - an ideal spot for relaxing, entertaining or enjoying time outdoors. The spacious main-floor primary bedroom features a walk-in closet & private 3-piece ensuite. A fantastic mudroom with laundry offers plenty of room for coats, boots, sports equipment & everyday gear, providing the kind of practical storage every busy household appreciates.The self-contained in-law suite adds tremendous versatility, with separate access, its own kitchenette, comfortable living room, bedroom, 3 piece bathroom laundry & plenty of storage. An excellent option for extended family or guests while still allowing everyone their own space and privacy. The partially finished basement offers even more potential and awaits your finishing touches for additional living, recreation or workspace. A double garage provides plenty of storage along with convenient access to the backyard. Major updates completed in 2016 include the roof, HVAC, furnace, central air conditioning & electrical panel in the garage, offering added peace of mind. A wonderful opportunity to enjoy a thoughtfully updated home with flexible living options, generous storage, a private backyard & a convenient Collingwood location.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,257
Lot Size65.26 ft x 120 ft
mls© NumberS13773988
Listed ByRoyal LePage Locations North

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,527
Property tax
$438
Heat allowance
$150
Housing costs
$4,115 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $137,800
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$2,899 / mo
Cash down
$137,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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