3 Forsyth Street, Marmora and Lake, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Marmora Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $269,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 73.75 x 132.5 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via other
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.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 3 Forsyth Street, Marmora and Lake, ON K0K 2M0
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About Purchasing a Home in Marmora and Lake, ON
For a property listed at $269,900 in Marmora and Lake, the legal minimum down payment is $13,495 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,524 for this transaction. As this listing is in Marmora and Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,524.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.