3 FORSYTH Street
Marmora Ward, Marmora and Lake, K0K 2M0
$249,900
Reduced $50,000 from $299,900
- 0 bedrooms
Listed 335 days ago · MLS® X12558842
About this home
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.
Details
- Type
- Investment
- Lot
- 73.75 × 132.5 ft
- Garage
- None
- Kitchens
- 0
- Property tax
- $2,265 (2025)
- Neighbourhood
- Marmora Ward
- Municipality
- Marmora and Lake
Building and exterior
- Building area
- 4,439 Square Feet
More
- Possession
- Flexible
- Cross street
- Forsyth St., Marmora see property on the west side
- Business type
- Apts - 2 To 5 Units
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: 1 grocery store, 4 cafés and restaurants, 1 park, 2 pharmacies. Nearest grocery: Valu-mart (300 m). Nearest park: Millside Park (400 m).
Schools nearby
Elementary
- Sacred Heart Catholic School Catholic
EQAO: Gr 3 reading 83%, math 56%7 min walk - Marmora Public School
EQAO: Gr 6 reading 68%, math 28%16 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K0K
- Owners / renters
- 86% / 14%
- Median household income
- $83,000
- Average age
- 47
- Children under 15
- 14%
- Homes
- 90% detached, 0% high-rise
- Commute by transit
- 0%
- Population
- 115,850
Languages spoken most at home besides English: German 0.2%, Spanish 0.1%, Mandarin 0.1%, Korean 0.1%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by Century 21 Lanthorn Real Estate Ltd..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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