25 & 27 Forsyth Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0
This retail property in Marmora and Lake is for sale offering roughly 6,000 sq ft of space. It has been on the market 81 days, fresher than the Marmora and Lake average of 116 days.
Two commercial buildings being sold together in the heart of Marmora.29 Forsyth Street previously consisted of two commercial units fronting the main street, which have since been opened up into one large space. The building has been vacant for approximately three years and requires TLC, renovations, and restoration to bring it back to its former potential.25 Forsyth Street features two commercial units on the lower level and previously included three upper-level residential apartments. The residential units now require extensive renovations. The first commercial unit was formerly a well-established restaurant, while the second unit offers excellent potential for a retail store or other commercial use. Both buildings require extensive renovation and restoration.Hydro and natural gas services are currently disconnected to both buildings. Properties are being sold strictly in "As Is" condition.An excellent opportunity for investors, entrepreneurs, or those looking to create and customize commercial and residential spaces to suit their own vision.The current owner has completed some renovations and improvements to the property; however, additional renovations and restoration work are still required to bring the buildings to their full potential. The property is being sold in "As Is" condition.Taxes 26 Forsyth Street $3919, 29 Forsyth Street $3225. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 81 days on market, against an average age of 116 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Marmora and Lake (Marmora Ward) has been listed for 81 days, which is 35 days fresher than the city average of 116. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 6.0× the local median household income of $83,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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