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.
3 Forsyth Street
Marmora Ward, Marmora and Lake, Hastings $269,900Make an offer
4 Beds
0 Baths
< 700 sqft
Parking for 0
West Facing
Zoning: RES
- MLS®#:
- X12558836
- Property Type:
- Triplex
- Property Style:
- 2-Storey
- Area:
- Hastings
- Community:
- Marmora Ward
- Taxes:
- $2,265 / 2025
- Added:
- November 19 2025
- Lot Frontage:
- 73.75
- Lot Depth:
- 132.5
- Status:
- Active
- Outside:
- Brick
- Year Built:
- Basement:
- Partial Basement,Unfinished
- Brokerage:
- Century 21 Lanthorn Real Estate Ltd.
- Lot :
-
132
73
- Intersection:
- Madoc St
- Rooms:
- Bedrooms:
- 4
- Bathrooms:
- 0
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- None
- Heating Type:
- Other
- Heating Fuel:
Listing Details
Insights
- Investment Potential: This property offers a unique opportunity to redevelop a multi-unit building with plans for converting it into 5 residential units, making it ideal for investors seeking long-term cash flow.
- Renovation Ready: The building has been fully gutted and is in broom swept condition, with a new steel roof and updated electrical panels already installed, significantly reducing initial renovation costs.
- Financing Opportunities: The property qualifies for CMHC MLI Select financing, providing favorable terms for investors looking to maximize their return on investment once the redevelopment is completed.
Sale/Lease History of 3 Forsyth Street
View all past sales, leases, and listings of the property at 3 Forsyth Street.Neighborhood Overview
Complete neighborhood profile for 3 Forsyth Street
Marmora Ward home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Marmora Ward
Insights for 3 Forsyth Street
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