Rare Opportunity in Downtown Collingwood - Oversized Lot with Endless Potential - Renovate it. Invest in it. Or build something new (Multi-units). Set on an exceptional 67 x 166 ft lot, this is a rare chance to secure a property of this size right in the heart of downtown Collingwood. Owned by the same family for over 60 years, this home offers a unique combination of location, lot size, and future potential that is becoming increasingly hard to find. The home features 2 bedrooms, Den and 1 bathroom with a functional layout, making it ideal for those looking to renovate, invest, or build new. Zoned R2, the property provides flexibility for a variety of uses, appealing to both end users and investors alike. Recent updates include a roof replaced in 2013, water heater updated in 2021, and electrical, plumbing, and heating systems upgraded in 2000, offering peace of mind while planning your next steps. Step outside to a deep, private backyard complete with two sheds and plenty of space for outdoor living, gardening, or future expansion. Located within walking distance to schools, the local pool, and downtown restaurants, this property also offers views of Blue Mountain and is just minutes to ski hills, trails, and Georgian Bay-bringing together lifestyle, convenience, and long-term value in one exceptional offering.