3 Forsyth Street
Marmora and Lake, ON
4 bed • approx. < 700 sqft • Triplex • 281 days on market
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.
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Listing Details
- Taxes (2025)
- $2,265
- Originally Listed
- $299,900
- Listed
- November 19, 2025
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Metal
- Foundation
- Stone
- Interior
- None
- Lot Size
- 73.75 x 132.5 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- Madoc St
- Zoning
- RES
- Parcel Number
- 401650214
- Possession
- Flexible
Commercial
- Occupancy
- Vacant
Schools
Elementary
- Sacred Heart Catholic School0.5 km
Catholic · Algonquin and Lakeshore CDSB · 140 students
Grade 3 reading: 83% met the provincial standard
- Marmora Public School1.1 km
Public · Hastings & Prince Edward DSB · 305 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 28% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Marmora and Lake · last 12 months
- Median sold price
- $395,000
- Homes sold
- 75
- Median days on market
- 40
- Sale-to-list price
- 94.3%
Based on 75 recorded sales of residential freehold properties in Marmora and Lake over the last 12 months.
Listed by
Century 21 Lanthorn Real Estate Ltd.
Location
Mortgage Calculator
$53,980
Estimated Monthly Payment
$1,326
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,326/mo (20% down, 5.5%)
Taxes: $189/mo · Insurance: $67/mo
Estimates only. Consult a financial advisor.
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