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
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Marmora and Lake
Sub-Area
Marmora Ward
Region
Hastings
Lot Depth
132.5
Lot Type
Building
Lot Size Units
Feet
Lot Width
73.75
Parcel Number
401650214
Total Building Area
4439.1
Occupant Type
Vacant
Cross Street
Forsyth St., Marmora see property on the west side
MLS® Number
X12558842
Listing Brokerage
CENTURY 21 LANTHORN REAL ESTATE LTD.
Basement
No
Postal Code
K0K 2M0
Posession Details
Flexible
Parking Spaces
1
Tax Amount
$2,265.00
Tax Year
2025
Site Influences
Recreation/Community Centre
Community Features
Recreation/Community Centre
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
None
Cooling
No
Cooling Features
No
New Construction
No
Garage Type
None
Tax Legal Description
PT LT 4 W/S FROSYTH ST PL 83 AS IN QR672260; MARMORA & LAKE; COUNTY OF HASTINGS
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