Sitting pretty in a Prime downtown location just steps from Queen's University, Kingston General Hospital and the Gord Downie Pier, this Tudor-style home offers an unbeatable location. Completely turnkey, it presents an incredible opportunity for a homeowner seeking comfortable main-home living with an in-law suite in the lower level, or for the discerning investor looking for a versatile, income-generating property. Beautiful both inside and out and featuring a long list of recent updates- most notably the newly renovated lower suite with an open concept feel, two bedrooms, one bath and its own laundry, maximizing the home's finished space and providing excellent income potential. The main floor offers a bright living room with a gas fireplace, an updated kitchen with Corian countertops, separate dining room with access to the lovely deck and yard, and a flexible bedroom/office space with its own 2-piece ensuite. Upstairs finds two additional bedrooms and a beautiful 4-piece bath. The exterior is equally lovely with a large private backyard, deck, gazebo and a coveted, detached one-car garage. With its extensive upgrades, premium location and immediate rentability, 204 Collingwood is a gorgeous place to call home or a top-tier addition to any rental portfolio.