3 FORSYTH STREET
Central Lakes · K0K2M0
$269,900
About this residence
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:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Living area
- 4,439 sq ft
- Lot size
- Bldg=73.75 x 132.5 FT
- Frontage
- 73.9 feet
- Parking
- 1 spaces
- Annual tax
- $2,265
- MLS®
- X12558842
- Board
- Central Lakes
- Status
- Active
- Listed
- Nov 19, 2025
- Updated
- Jun 22, 2026
Features & finishes
Heating
- No heat
Financing
Estimated monthly payment
$1,262/mo
Loan amount
$215,920
Down payment
$53,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0K- 115,850
- Population
- 51
- Median age
- $83,000
- Median income
- $500,000
- Median home value
- 86%
- Home ownership
- 29 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 3 FORSYTH STREET?
3 FORSYTH STREET is listed for $269,900, in Central Lakes.
What type of home is 3 FORSYTH STREET?
3 FORSYTH STREET is a Multi-family, Multi-Family.
How large is 3 FORSYTH STREET?
The home offers approximately 4,439 sq ft of living space on a lot measuring Bldg=73.75 x 132.5 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $1,262. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,265 per year.
Is there parking?
Yes — 3 FORSYTH STREET includes 1 parking space.
What is the Central Lakes area like?
Central Lakes has a population of about 115,850, a median age of 51, a 86% home-ownership rate, with an average commute of about 29 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $83,000.
Private viewings
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