For Sale - 3 FORSYTH Street, Marmora and Lake, Ontario

Est payment $1,487/mo
Views   1
Time on Jump  87 day
  • Great investment with 4 residential units and 1 commercial space.
  • Potential to convert commercial unit into a 5th residential unit.
  • Building has been fully gutted and is ready for renovation.
  • New steel roof and electrical panels already installed.
  • Strong potential for long-term cash flow with CMHC MLI Select financing.



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.
Listing IDX12558842
Address3 FORSYTH Street
CityMarmora and Lake, Ontario
Price$299,900
StyleInvestment
Land Size0.223
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentCommunity Features Recreation/Community CentreHeating / Cooling None
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Listing Agency:  CENTURY 21 LANTHORN REAL ESTATE LTD.
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3 Forsyth Street
Marmora and Lake , Ontario
$299,900
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