Monaco Condos For Sale in Downtown Collingwood

Yes. Monaco allows short-term rentals, but there's a cap on how many units can be rented at once. Before buying as an investment property, I'll confirm there's room under the rental cap. The downtown location makes these units very popular with tourists—expect strong rental demand in summer and ski season.

When priced correctly, most Monaco units sell within 30-60 days. Corner units, higher floors, and recently updated kitchens can get multiple offers and sell faster. The small building size (only 78 units) means limited inventory, so good units move quickly.

Plan for monthly condo fees ($290-$630 depending on unit size), property taxes (approximately $3,000-$5,000 annually), hydro ($80-$150/month), and home insurance ($50-$100/month). You'll also need a down payment (minimum 5% for owner-occupied, 20% for investment properties) and budget for closing costs (legal fees, land transfer tax, etc.—roughly 1.5-4% of purchase price).

Monaco holds value well. Units that sold for $425K in 2016 now sell for $650K-$750K. The building's age (not too new, not too old), downtown location, and rental flexibility make it attractive to both investors and end-users. The healthy reserve fund means you won't face surprise special assessments.

That's where I come in. I've toured many Monaco units over the years. I know which floor plans live larger, which corner positions get the best light, and which stack positions stay quieter. We'll look at what's available, discuss your needs and budget, and I'll give you honest advice about which units make sense for your situation.