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Commercial listings / Investment / For sale

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

$249,900

3 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 13 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 23 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 33 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 43 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 53 FORSYTH Street, Marmora and Lake, ON K0K 2M0, photo 6
Property type
Investment
Transaction
For sale
Location
Marmora and Lake, Hastings
Building area
4,439 Square Feet
Lot size
0.223 Feet
MLS® number
X12558842

Description

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 brokerage: Century 21 Lanthorn Real Estate Ltd.

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