3 Forsyth Street, Marmora and Lake, Ontario K0K 2M0 (29118112)

3 Forsyth Street Marmora And Lake, Ontario K0K 2M0

4,439 ft2
None No Heat

$299,900

Investment/Development Opportunity 4 Residential Units + 1 Commercial (Convertible to Residential)Excellent opportunity to redevelop a multi-unit property with significant work already completed. Features 4 residential units plus 1 commercial unit, 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. (id:63879)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12558842
Property Type Multi-family
Community Name Marmora Ward
Amenities Near By Recreation
Parking Space Total 1

Building

Cooling Type None
Heating Type No Heat
Size Exterior 4439.1 Sqft
Size Interior 4,439 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Recreation
Size Depth 132 Ft ,6 In
Size Frontage 73 Ft ,9 In
Size Irregular Bldg=73.75 X 132.5 Ft
Size Total Text Bldg=73.75 X 132.5 Ft
Zoning Description Res

https://www.realtor.ca/real-estate/29118112/3-forsyth-street-marmora-and-lake-marmora-ward-marmora-ward

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