$249,900
↓ $50,000 from $299,900
Est. payment $1,107/moCalculate yours
3 Forsyth Street, Marmora and Lake, ON K0K 2M0
Marmora Ward, Marmora and Lake, ON K0K 2M0
- 4 Beds
- 0 Baths
Listing courtesy of Century 21 Lanthorn Real Estate Ltd. MLS® X12558836
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.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- < 700 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 0
- Kitchens
- 0
- Basement
- Partial Basement, Unfinished
Building & Systems
- Heating
- Other (Other)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 73.75 x 132.5 Feet
- Parking
- None garage
- Zoning
- RES
Financial
- Property Taxes
- $2,265 (2025)
Location
- Neighbourhood
- Marmora Ward
- Cross Street
- Madoc St
- Direction Faces
- West
Listing
- MLS® Number
- X12558836
- Days on Market
- 333
- Listed On
- 2025-11-19
- Possession
- Flexible
- Listed By
- Century 21 Lanthorn Real Estate Ltd.
Features
Interior
- None
Pool
- None
Mortgage calculator
Estimated mortgage payment
$1,107 per month
- Principal and interest
- $1,107
- Property tax
- $189
- Condo fees
- $0
- Estimated monthly cost
- $1,295
Your mortgage
- Mortgage amount
- $199,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $132,031
Cash to close
- Down payment
- $49,980
- Land transfer tax
- $2,224
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $52,204
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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