25 & 27 FORSYTH STREET, Marmora and Lake (Marmora Ward)

$499,000

For sale: Other

Other at 25 & 27 FORSYTH STREET, Marmora and Lake (Marmora Ward)
Property type
Commercial Retail
MLS®
MLS® X13681130
Neighbourhood
Marmora Ward

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.

Sold data

Homes in Marmora Ward — recent sold market

Homes in Marmora Ward took a median of 35 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 72, across 68 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.

The median sale price was $429,900.

Homes sold for about 4.4% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$429,900
Sale-to-list ratio
95.6%
Sold above asking
13%

Based on 68 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 25 & 27 FORSYTH STREET