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

    Est payment $1,200/mo
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    Views   3
    Time on Jump  324 day

    AI Summary *

    • 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$249,900
    StyleInvestment
    Land Size0.223
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Recreation/Community CentreHeating / Cooling None

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    Listing Brokerage: Century 21 Lanthorn Real Estate Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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