Prime investment opportunity in the heart of Collingwood! This charming red brick home sits on a spacious 66 ft x 166 ft (approx.) lot and offers multiple income-generating or multi-use possibilities. With two separate driveways, a detached workshop, and a self-contained in-law suite with private entrance, kitchenette, living/sleeping area, and full bath, this property is ideal for investors, multi-generational families, or those running a home-based business. The main home features three bedrooms, one bathroom, original hardwood floors, a large eat-in kitchen, and a formal dining room perfect for tenants or owner-occupiers. The detached workshop provides excellent storage or could be adapted for business use. The in-law suite adds immediate rental income potential or private space for extended family. Steps from Collingwood's vibrant downtown, schools, ski hills, and the shores of Georgian Bay, this versatile property combines character, location, and opportunity in one unique package.