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.
Address
3 Forsyth Street
List Price
$299,900
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Marmora and Lake
Sub-Area
Marmora Ward
Region
Hastings
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
13
Floor Area
< 700 Sq. Ft.
Lot Depth
132.5
Lot Size Units
Feet
Lot Width
73.75
Parcel Number
401650214
Occupant Type
Vacant
Cross Street
Madoc St
MLS® Number
X12558836
Listing Brokerage
CENTURY 21 LANTHORN REAL ESTATE LTD.
Basement Area
Partial Basement, Unfinished
Postal Code
K0K 2M0
Posession Details
Flexible
Tax Amount
$2,265.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Other
Heat Type
Other
Cooling Features
None
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Pool Features
None
Roof
Metal
Tax Legal Description
PT LT 4 W/S FROSYTH ST PL 83 AS IN QR672260; MARMORA & LAKE; COUNTY OF HASTINGS
Waterfront
No
Sewer
Sewer
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