3 FORSYTH Street, Marmora and Lake, ON K0K 2M0

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.

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Features & Amenities

• Garage: None
• Cooling: No
• Heat Type: None

Property Details

Property Type	Commercial
Property Sub-Type	Investment
Lot Size	0 Feet
Garage	None
Parking Spaces	1
Heat Type	None
Cooling	No
Annual Tax	$2,265
Tax Year	2025

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Building & Construction

Building Area Total

4439.1

Heating & Cooling

Heat Type

None

Cooling

No

Parking & Garage

Garage Type

None

Parking Spaces

1

Lot & Land

Lot Size Area

0.22

Lot Size Units

Feet

Lot Depth

132.50

Lot Width

73.75

Community & Neighborhood

Community Features

Recreation/Community Centre

Financial & Tax

Tax Annual Amount

$2,265

Tax Year

2025

Tax Assessed Value

$116,000

Possession Type

Flexible

Possession Details

Flexible

Utilities & Services

Utilities

None

Room Details

Kitchens Total

0

Additional Details

Occupant Type

Vacant

County Or Parish

Hastings

Cross Street

Forsyth St., Marmora see property on the west side

Directions

Madoc Street

Showing Requirements

Showing System, List Salesperson