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.
Location Description
Forsyth St., Marmora see property on the west side
Property Details
- Community: Marmora Ward
- Property Type: Vacant/Commercial
- Garages: None
- Annual Property Taxes : $ 2265
Building Features
- Parking Type : None
Features
- Heating : None
Listing Contracted With: CENTURY 21 LANTHORN REAL ESTATE LTD.
