3 FORSYTH Street, Marmora and Lake, ON K0K 2M0
$269,900
$269,900
MLS®#:
X12558842
Property Type:
Investment
Property Style:
Area:
Hastings
Community:
Marmora Ward
Taxes:
$2,265 / 2025
Added:
November 19 2025
Lot Frontage:
73.75
Lot Depth:
132.5
Status:
Active
Outside:
Year Built:
Brokerage:
Century 21 Lanthorn Real Estate Ltd.
Lot :

132

73

Intersection:
Forsyth St., Marmora see property on the west side
Rooms:
Bedrooms:
Studio
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
None
Heating Fuel:

Listing Details

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.

Insights

  1. Multi-Unit Potential: The property offers the opportunity to convert a commercial space into a fifth residential unit, allowing for a total of five residential units, which can significantly increase rental income potential.
  2. Renovation Ready: The building has been fully gutted and is in broom swept condition, with a new steel roof and updated electrical panels already installed, reducing the initial renovation burden for the new owner.
  3. Financing Opportunities: The property is an ideal candidate for CMHC MLI Select financing, which can provide favorable terms for investors looking to maximize cash flow and long-term returns once the redevelopment is completed.

Neighborhood Overview

Complete neighborhood profile for 3 FORSYTH Street

Marmora Ward home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Marmora Ward
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)