Great Value in Collingwood Condominiums and Townhomes
Monday Feb 08th, 2021
The condominium market in the Collingwood area continues to grow and for good reason. Situated in some great geography between Georgian Bay and the escarpment, it is less than two hours from Toronto. Collingwood and The Blue Mountains have much to offer including good shopping, great restaurants, hiking trails, golf, boating, and outdoor winter pursuits. Most of these developments are close to the Georgian Bay, ski hills, golf courses and walking trails.
A condominium refers to a corporate structure that has common area maintenance fees that pay for property maintenance and the use of common areas and facilities. In Collingwood and The Blue Mountains, the building code has kept developments to a reasonable scale; condominiums are available in low-rise buildings, (as for example in the Blue Mountain Village), and one or two-storey row houses and townhomes (many are tucked away off Highway 26).
Low-Maintenance Condominium Living
The maintenance fees generally include building maintenance, landscaping, snow removal and often include other amenities such as a media room, guest parking, clubhouse, exercise room, and swimming pool. Some provide water access including on-site private marinas. Most of them are 2+ bedrooms and quite spacious. If you like the idea of a “turn-key” residence, a Collingwood condominium can definitely be appealing. With all of the villas, townhomes and buildings in the region, there is something for everyone.
Average Prices of Condos for Sale in Collingwood
Currently, 2-bedroom, 2-bathroom condominiums are priced in the $600,000 range. There are several new developments that are being built including Windrose on Mountain Rd., 8-10 Harbour St., and Monaco, situated in downtown Collingwood with occupancy slated for 2022. For those in the $1,000,000+ bracket there are 3, 4 and even 5 bedroom units, primarily townhomes, most of which are on the water. They are newer buildings and average 2,800 square feet.
Below are photos of some newer buildings in Collingwood.
On the Georgian Bay side of Highway 26, you will find many more developments like Wyldewood Cove, Lighthouse Point, and Ruperts Landing. Some of these come with a marina and private docking.
If you are looking for a place that is maintained and available to you year-round, Collingwood has a lot to offer. In addition, if you are looking for an investment opportunity or property to rent out for the short-term, Collingwood has a growing demand that’s driving prices higher. This trend, I believe, will extend into the next decade. Click here to view current condominium listings in Collingwood.
About the Author
Craig Rennick is a Sales Representative of Sotheby’s International Realty Canada, Brokerage, and a member of The Toyne Team. He lives in Collingwood and recently renovated their family cottage on Good Cheer Island in the Sans Souci area of Georgian Bay.