ATTENTION INVESTORS & BUSINESS OWNERS! According to Collingwood's 2024 Official Plan, this property falls within the MIXED-USE CORRIDOR II, allowing for a wide range of permitted uses, including retail, service commercial, restaurants, offices, hotels, day care, live-work units, and more. Set on a generous 66 ft x 166 ft (approx.) lot in the heart of Collingwood, this charming red brick home offers both character and income potential. The property features two separate driveways, a detached workshop, and a self-contained in-law suite with private entrance, kitchenette, living/sleeping area, and full bathideal for rental income, extended family, or a home-based business. The main residence includes three bedrooms, one bathroom, a large eat-in kitchen, a formal dining room, and original hardwood flooring throughout. The detached workshop provides excellent storage or could be repurposed for business or creative use. Just steps to downtown shops, dining, schools, ski hills, and the shores of Georgian Bay, this property offers versatility, prime location, and future growth opportunity - a rare find for savvy investors or multi-generational living.