Homula Realty Brokerage
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7 Forsyth Street N, Marmora and Lake, ON K0K 2M0

Commercial Retail
$759,900

Victorian Charm Meets Endless Opportunity in Downtown Marmora! If you're looking for an impressive residence where you can operate your business from home, establish a welcoming B&B, or enjoy spacious family living, this exceptional red-brick Victorian delivers. Over 4,000 sq. ft. of living space, five bedrooms and four bathrooms, the home showcases a traditional centre-hall plan, gleaming original hardwood floors and timeless original trim. The main level features a sun-filled great room with wall-to-wall windows and a cozy electric insert set within a brick fireplace. The convenient laundry/pantry includes a new LG washer and dryer (2024). The spacious licensed and approved kitchen features a rolling granite island, a new dishwasher (2025), new LG refrigerator (2024) and a bright dining area with a large south-facing picture window overlooking the deck, paved driveway and oversized backyard. The home's original wooden staircase, equipped with a chair lift for accessibility, leads to four spacious bedrooms. A separate staircase provides access to a private owner/operator area featuring one large, flexible room that can serve as either a primary bedroom or living space, complete with a two-piece ensuite and an additional four-piece bathroom. Zoned Main Street Commercial, this property offers tremendous flexibility-operate your business from home, create professional office or retail space with a private entrance, or establish a charming B&B while maintaining private owner/operator accommodations. Additional features -an attached double garage with inside entry, detached carport, parking for 6 or more vehicles, a separate breezeway entrance, commercial fire system installed in 2018 and a large deck for entertaining. The backyard overlooks Memorial Park, with walking paths, a splash pad and views of the pristine Crowe River. All furnishings are negotiable, offering the opportunity to move in and enjoy this beautifully appointed property-or begin your business.

MLS number
X12868154
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
4
Postal code
K0K 2M0
Photos
28
Property tax
$7,208 / year
186days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Sacred Heart Catholic School
Algonquin and Lakeshore CDSB
Elementary470 m7.4 / 10
74% met the standard · 3 of 6 measures
Marmora Public School
Hastings & Prince Edward DSB
Elementary1.1 km5.9 / 10
59% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 699 people.

$49,200Median household income
58.8%Own their home
60.6%Detached houses
50.8Median age
12.3%Born outside Canada
9.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120292 — the few blocks around this address, home to 699 people. It describes the area, not this property.

699Population
45.9Average age
2.1Household size
$62,400Average household income
$49,200Median household income
59%Own their home
41%Rent
0%Condominiums
12%Born outside Canada
9%University degree
$324,000Average home value
26%Low income
22%Never married
$10,000 to $14,9993%
$15,000 to $19,9993%
$20,000 to $24,9999%
$25,000 to $29,9997%
$30,000 to $34,9995%
$35,000 to $39,9999%
$40,000 to $44,9997%
$45,000 to $49,9995%
$50,000 to $59,99911%
$60,000 to $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over11%
$100,000 to $124,9994%
$125,000 to $149,9993%
$150,000 to $199,9991%
$200,000 and over1%

Percentages are of the 375 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$151,980 · minimum here is $50,990
$3,364.67per month
Borrowed before insurance$607,920
Total borrowed$607,920
Interest over 25 years at 4.5%$401,482

If you rented it out

-$3,965.34per month out of pocket
Rent$0.00
Everything it costs to hold$3,965.34
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal Lepage Proalliance Realty. Listing data provided by the Toronto Regional Real Estate Board.