About this property
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.
Property Summary
Property TypeTriplex
Square Footage< 700 sq ft
Community NameMarmora Ward
Land Size73.75 x 132.5 ft
Annual Property Taxes$2,265.00
Tax Year2025
Parking TypeNone Garage
Building details
Bedrooms4
Bathrooms / washrooms0
Property typeTriplex
Architectural style2-Storey
Lot & land
Lot dimensions74 × 133 ft
Lot frontage74 ft
Lot depth133 ft
Interior Features
Basement FeaturesPartial Basement, Unfinished
Basement TypeFinished
Interior FeaturesNone
Building Features
Foundation TypeStone
Style2-Storey
RoofMetal
ConstructionBrick
Heating & Cooling
CoolingNone
Heating TypeOther
Heating SourceOther
Taxes & fees
Annual taxes$2,265 (2025)
Listing history
On market sinceNov 19, 2025
Original list price$299,900
Location
Marmora and Lake, ON K0K 2M0
Listed by Century 21 Lanthorn Real Estate Ltd., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.