$425K · 2 bed Condo Apartment · Unit 614, The Galleries, 172 Eighth Street, Collingwood, Ontario L9Y 4T2

Loading neighbourhood intel…

About this home

Welcome to Unit 614 at 172 Eighth Street in The Galleries - a well-maintained, centrally located condo building ideal for seniors or downsizers seeking comfort, convenience, and easy living. This freshly painted, bright corner unit is filled with natural light and features laminate flooring throughout, offering a clean, modern look with low-maintenance appeal. The functional layout provides a comfortable space to relax, entertain, or enjoy day-to-day living with ease.The Galleries offers a quiet…

Property details

MLS#

S12862830

Status

Conditionally Sold

Property class

Residential Condo & Other

Beds

Baths

1 full, 0 half

Rooms

Kitchens

Size

1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

1 Storey/Apt

Type

Condo Apartment

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 3 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Golf, Hospital, Skiing

View: City

Waterfront: Yes

Building name: The Galleries
Condo corp #: 158
Balcony: Enclosed
Locker: Exclusive
Association amenities: Gym, Party Room/Meeting Room, Visitor Parking, Guest Suites, Bike Storage
Fees include: Heat Included, Water Included, CAC Included, Parking Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Other
Cooling: Wall Unit(s)
Fireplaces: —
Exterior: Stucco (Plaster) · Year Round Living
Fronting on: —
Cross street: Oak/Eighth St
Stories: 6
Utilities: —
Laundry: Ensuite
Interior: Storage Area Lockers, Guest Accommodations
Parking features: Private

Price movement & seller pressure

↓ $20KPrice reduction

MLS shows the seller reduced the asking price by $20,000 (from $445,000 to $425,000).

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $425,000✓ $2,922 tax✓ Other✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,451/mo

incl. closing costs (yr 1)

Annual total

$53,415

year 1

Mortgage only

$1,612/mo

principal + interest

Beyond mortgage

$1,966/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$85,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$244/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo · assumes gas heat

Other$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,250/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$78/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)36% $19,348/yr

Property taxes15% $7,897/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,250/yr

Condo fees21% $11,260/yr

Closing costs10% $5,100/yr

Mortgage is 36% of your true cost of ownership. The other 64% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$19,348	$1,612/mo
Government & taxes
Property tax	$2,922	$244/mo
Land transfer tax(closing)	$4,975	$415/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,250	$354/mo
Condo fees
Condo / HOA fees	$11,260	$938/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$53,415	$4,451/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

Unlock Insider Deals

Sign in

Unit 614

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

Request a Showing

Request a Showing

Annual costs