28 photos
3 Forsyth Street, Marmora and Lake, ON K0K 2M0
Marmora Ward · Marmora and Lake · K0K 2M0
$249,900
About this property
Investment/Development Opportunity 4 Residential Units + 1 Commercial (Convertible to Residential) Excellent opportunity to redevelop a multi-unit property with significant work already completed. Which has the potential to be converted to a 5th residential unit. The building has been fully gutted and is in broom swept condition with a new steel roof and new electrical panels for all 5 units already installed. Seller's plans are available. With converting to 5 residential units, this project is an ideal candidate for CMHC MLI Select financing, offering strong potential for long term cash flow once completed. Ready for the next owner to take it across the finish line.
Details
- Property type
- Triplex · Residential Freehold
- Bedrooms
- 4
- Bathrooms
- 0
- Living area
- < 700 sq ft
- Lot
- 73.75 × 132.5 Feet
- Style
- 2-Storey
- Heating
- Other · Other
- Cooling
- None
- Sewer / septic
- Sewer
- Basement
- Partial Basement, Unfinished
- Garage
- None
- Parking total
- 0
- Taxes
- $2,265 (2025)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$1,107
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of Century 21 Lanthorn Real Estate Ltd.. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.