3 FORSYTH Street, Marmora and Lake (Marmora Ward)

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+23

60 days ago

$299,900

3 FORSYTH Street

Marmora and Lake (Marmora Ward), Ontario K0K2M0

MLS® Number: X12558842

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4439.1 Square Feet

Listing Description

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:47966)

(X12558842)