3 FORSYTH Street
Marmora and Lake, ON
4,439 sqft • Investment • 282 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
- Lot Size
- 73.75 x 132.5 Feet
Location & Legal
- Cross Street
- Forsyth St., Marmora see property on the west side
- Zoning
- Res
- Parcel Number
- 401650214
- Possession
- Flexible
Commercial
- Business Type
- Apts - 2 To 5 Units
- Occupancy
- Vacant
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
Commercial 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 commercial properties in Marmora and Lake over the last 12 months.
Listed by
Century 21 Lanthorn Real Estate Ltd.
Location
Commercial figures
- Building area
- 4,439 sq ft
- Price per sq ft
- $60.80
- Annual property tax
- $2,265
- Tax per sq ft
- $0.51
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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