$299,900

Investment For Sale In Marmora and Lake (Marmora Ward), Ontario

$299,900

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: Multi-Family
  • Floor Space: 4439 sqft
  • Heating Type: No heat
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Recreation
  • Floor Space (approx): 4439 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.5 Feet
  • Lot Frontage: 73.8 Feet
  • Lot Size: Bldg=73.75 x 132.5 FT
  • Zoning: Res
  • No. of Parking Spaces: 1

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.