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Royal LePage
Royal LePage
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$299,900

Marmora And Lake (Marmora Ward) ON, K0K 2M0

MLS® # X12558836

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick
  • Floor Space: 0 - 699 sqft
  • Foundation Type: Stone
  • Heating Type: Other
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Floor Space (approx): 0 - 699 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.5 Feet
  • Lot Frontage: 73.8 Feet
  • Lot Size: 73.8 x 132.5 FT
  • Zoning: RES
  • Sewer: Sanitary sewer
  • Parking Type: No Garage

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 3 FORSYTH STREET, Marmora and Lake (Marmora Ward), Ontario, K0K 2M0

Demographic Information of 3 FORSYTH STREET, Marmora and Lake (Marmora Ward), Ontario, K0K 2M0

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$80,476.36

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.09 %

High school certificate or equivalent

35.58 %

Apprenticeship trade certificate/diploma

9.43 %

College/non-university certificate

22.38 %

University Degree

5.51 %

Commuter

Travel To Work

By Car

89.44 %

By Public Transit

0.0 %

By Walking

10.56 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.58 %

Houses

81.42 %

Own Vs. Rent

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