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$399,900
Marmora and Lake
82 - 84 Bursthall Street, Marmora and Lake (Marmora Ward), Ontario, K0K2M0
This multi-family property in Marmora and Lake is for sale offering roughly 1,750 sq ft of space. It has been on the market 92 days, fresher than the Marmora and Lake average of 115 days.
Have your cake and eat it too! Imagine owning a home where someone else helps pay your mortgage. Whether you're an investor looking to grow your portfolio or a buyer dreaming of homeownership with added financial security, this charming duplex offers the best of both worlds. Live comfortably in the beautifully renovated (2025) unit while generating rental income from the second unit, currently occupied by a dependable month-to-month tenant with a solid payment history.Located on a picturesque 1+ acre lot on a quiet dead-end street, you'll enjoy the rare combination of privacy, mature trees, apple trees, and peaceful outdoor living-all while being just a short walk to shopping, schools, parks, restaurants, and places of worship in the welcoming village of Marmora.This property features separate hydro, two high-efficiency natural gas furnaces, a newer roof (2023), town water and sewer, private parking for four vehicles, two decks, a welcoming front porch, and 2 fridges, 2 stoves, 2 washers and 2 dryers included. Whether you're taking your first step into real estate investing or adding another income property to your portfolio, this is an opportunity to build equity, generate income, and enjoy the lifestyle you've been looking for-all in one exceptional property. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 92 days on market, against an average age of 115 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 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 4-bed multi-family in Marmora and Lake (Marmora Ward) has been listed for 92 days, which is 23 days fresher than the city average of 115. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 4.8× the local median household income of $83,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice