256 Ontario Street
256 Ontario Street
$847,000
60 days on market
Floor Plan
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About This Listing
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!
| Monthly Mortgage (P&I) | $3,690 |
| Property Tax (MLS) | $471 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $4,161 |
Down payment: $169,400 (20.0%) · Mortgage: $677,600
Property tax uses MLS annual tax of $5,648/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
The Regent Condos
Red Bricks Databy Mon Desir (Canada) Inc. · 84 Hurontario Street
Maint. Fees
0.59
Occupancy
2022
Listing provided by Royal LePage Locations North
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Data last updated: August 23, 2026 at 10:26 a.m.