1 Deloro Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

For sale

14 days ago

$699K

1 Deloro Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

6 bd4 ba12 pk2,750 ft²Lot size 183 × 285 ft (1.19 acres)

Listed by RE/MAX WEST REALTY INC.

82 - 84 Bursthall Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

For sale

94 days ago

$400K

82 - 84 Bursthall Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

4 bd3 ba4 pk1,750 ft²Lot size 124 × 354 ft (1.00 acres)

3 Forsyth Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

4 bd350 ft²Lot size 74 × 133 ft (9,779 sq ft)

Listed by Century 21 Lanthorn Real Estate Ltd.

Investment analysis

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$249,900

Marmora and Lake

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$249,900

For sale

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3 FORSYTH Street, Marmora and Lake (Marmora Ward) - Multi-family for Sale

3 FORSYTH Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0

1 parking4,439 ft²Listed 352 days ago

Overview

This multi-family property in Marmora and Lake is for sale offering roughly 4,439 sq ft of space.

Multi-Family Properties for Sale in Marmora and Lake →All real estate in Marmora and Lake →

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:66096)

Property Details

MLS®: X12558842
Property Type: Multi-family
Business Type: Residential
Zoning: Res
Parking: 1
Interior Size: 4,439 ft²
Frontage: 74 ft
Building Area: 4,439 ft²
Heating: No heat
Cooling: None
Property Tax: $2,265/yr
Listed: 352 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

352d

Marmora and Lake (Marmora Ward) listings, avg age

115d

Price / ft²

$56

List price

$250K

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.

Haho

This multi-family in Marmora and Lake (Marmora Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Century 21 Lanthorn Real Estate Ltd. · Travis Royle

Location

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Area context

Neighbourhood profile (K0K)

This home lists at $249,900, about 3.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 115,850
Median age: 50.8
Owner / renter: 86% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0K)

$249,900· $56/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$189/mo

Total monthly$1,505

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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